{"id":814726,"date":"2024-12-25T02:31:47","date_gmt":"2024-12-25T08:31:47","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/25\/bitcoins-surge-above-69000-triggers-market-wide-rally\/"},"modified":"2024-12-25T02:31:47","modified_gmt":"2024-12-25T08:31:47","slug":"bitcoins-surge-above-69000-triggers-market-wide-rally","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/25\/bitcoins-surge-above-69000-triggers-market-wide-rally\/","title":{"rendered":"Bitcoin\u2019s surge above $69,000 triggers market-wide rally"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div data-id=\"151356\" data-url=\"https:\/\/cryptobriefing.com\/bitcoin-market-rally-surges\/\">\n<section>\n<div>\n<p><a href=\"https:\/\/cryptobriefing.com\/markets\/\" rel=\"tag\"><br \/>\n                    Markets                <\/a>\n                    <\/p>\n<\/div>\n<p><span><span><a href=\"https:\/\/cryptobriefing.com\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/cryptobriefing.com\/markets\/\">Markets<\/a><\/span> \u00bb <span aria-current=\"page\">Bitcoin\u2019s surge above $69,000 triggers market-wide rally<\/span><\/span>        <\/p>\n<div>\n<div>\n<p><span>by<\/span><\/p>\n<div>\n<p><a data-author_id=\"29816\" href=\"https:\/\/cryptobriefing.com\/team\/vivian-nguyen\/\" rel=\"author\">Vivian Nguyen<\/a><\/p>\n<\/div><\/div>\n<p><time datetime=\"2024-10-21T03:20:28+00:00\"><br \/>\n                        Oct. 21, 2024                    <\/time>\n                            <\/p>\n<\/p><\/div>\n<\/section>\n<section>\n<h2>Bitcoins The Crypto Fear &#038; Greed Index stays in the &#8220;greed&#8221; zone.<\/h2>\n<\/section>\n<section>\n            <picture><source media=\"(min-width: 850px)\" ><img decoding=\"async\" src=\"https:\/\/static.cryptobriefing.com\/wp-content\/uploads\/2024\/08\/07080648\/bitcoin-gamble-400x213.png\" alt=\"bitcoins Large gold Bitcoin coin next to three white dice, symbolizing gambling.\" title=\"bitcoins bitcoin gamble\">\n            <\/picture>\n        <\/section>\n<section>\n<section>\n<h3>Key Takeaways<\/h3>\n<ul>\n<li>Bitcoin&#8217;s ascent over $69,000 marks a new high, influencing a broad market rally.<\/li>\n<li>The rally is driven by heightened institutional interest and positive regulatory developments.<\/li>\n<\/ul>\n<\/section>\n<section>\n<p>Share this article<\/p>\n<\/section>\n<p>        <?xml encoding=\"UTF-8\"><\/p>\n<p>Bitcoin is back in the spotlight after breaking past $69,000 on Sunday. The latest rally has ignited a broad-based rally across the crypto market with altcoins moving higher over the last 24 hours.<\/p>\n<p>The flagship crypto has risen almost 2% in a day, now trading at around $69,400, CoinGecko <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"noopener nofollow noreferrer\">data<\/a> shows. It seems poised to hit $70,000 amid ongoing market optimism as the <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\" target=\"_blank\" rel=\"noopener nofollow noreferrer\">Crypto Fear &#038; Greed Index<\/a>, which analyzes market participants\u2019 sentiments, stays in the \u201cgreed\u201d zone.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/static.cryptobriefing.com\/wp-content\/uploads\/2024\/10\/20230421\/Crypto-Fear-Greed-Index.png\"><noscript><img decoding=\"async\" src=\"https:\/\/static.cryptobriefing.com\/wp-content\/uploads\/2024\/10\/20230421\/Crypto-Fear-Greed-Index.png\"><\/noscript><figcaption>Alternative.me<\/figcaption><\/figure>\n<p>Bitcoin\u2019s strong performance has inspired a rally across the broader market. Several altcoins, which began their ascent yesterday, have continued to post gains, while the majority are now mirroring Bitcoin\u2019s upward trajectory.<\/p>\n<p>ApeCoin (APE) is the biggest winner in the last 24 hours, rising over 60%. The surge comes after the launch of ApeChain, a new layer 3 blockchain developed by the ApeCoin DAO. Not only does the launch boost APE\u2019s price but it also triggers an increase in its market volume, which saw a nearly 3000% increase, breaking the $1 billion mark.<\/p>\n<p>Ethereum (ETH), the second-largest crypto asset, put in gains of 4% after conquering the $2,700 mark on Saturday, <a href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum\" target=\"_blank\" rel=\"noopener nofollow noreferrer\">data<\/a> shows.<\/p>\n<p>Ethereum layer 2 tokens have also witnessed a substantial surge in the past 24 hours. Optimism (OP), Arbitrum (ARB), and Starknet (STRK) each rallied by more than 8%. Immutable (IMX) saw a 6% increase, while Polygon rose by 4%.<\/p>\n<p>Apart from Bitcoin and Ethereum, top coins like Binance Coin (BNB) and Solana (SOL) have also made major strides. BNB reclaimed the $600 mark while SOL soared to $170.<\/p>\n<p>Tokens in the artificial intelligence field, one of the most promising narratives this season, are again in the limelight. Bittensor (TAO) is leading the AI tokens, soaring 7% to $600 during the day.<\/p>\n<p>The widespread crypto rally has boosted the total market cap to $2.5 trillion, up 1% in the last 24 hours.<\/p>\n<h2>Bitcoins Bitcoin chases new highs ahead of the US presidential election<\/h2>\n<p>According to Standard Chartered, Bitcoin may revisit its previous all-time high of $73,800 before the next US president is selected. The bank expects Bitcoin\u2019s price to surge as institutional interest in Bitcoin ETFs grows and Donald Trump\u2019s election odds improve.<\/p>\n<p><html><body><\/p>\n<div class=\"ad-banner mrec-in-article\"><\/div>\n<p><\/body><\/html><\/p>\n<p><a href=\"https:\/\/polymarket.com\/elections\" target=\"_blank\" rel=\"noopener nofollow noreferrer\">Data<\/a> from Polymarket indicates that traders prefer Trump to Kamala Harris for the next American president. Trump currently leads the poll with over 60% chance while Harris\u2019 odds are around 39%.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/static.cryptobriefing.com\/wp-content\/uploads\/2024\/10\/20231131\/Polymarket-now-1.png\"><noscript><img decoding=\"async\" src=\"https:\/\/static.cryptobriefing.com\/wp-content\/uploads\/2024\/10\/20231131\/Polymarket-now-1.png\"><\/noscript><figcaption><\/figcaption><\/figure>\n<p>Bitcoin\u2019s value could increase in the near term if Trump wins, Standard Chartered suggests. Trump has departed from his previous anti-crypto stance and positioned himself as one of the most pro-crypto candidates, while Harris has just begun to show her support.<\/p>\n<p>Bitwise CIO Matt Hougan also sees the upcoming election and strong ETF demand, coupled with other key factors like increased whale accumulation, reduced supply post-halving, and global economic factors, as <a href=\"https:\/\/cryptobriefing.com\/bitcoin-price-prediction-surge\/\" target=\"_blank\" rel=\"\">bullish catalysts<\/a> for Bitcoin\u2019s price actions.<\/p>\n<p>As of October 20, US spot Bitcoin ETFs have logged over <a href=\"https:\/\/cryptobriefing.com\/bitcoin-etf-21-billion-inflows\/\" target=\"_blank\" rel=\"\">$21 billion in net inflows<\/a>\u2014a milestone that took gold ETFs years to achieve.<\/p>\n<section class=\"article-share\">\n<p>Share this article<\/p>\n<div class=\"social-icons\">\n          <button class=\"social-icon share\" data-href=\"https:\/\/x.com\/intent\/tweet?text=Bitcoin%E2%80%99s+surge+above+%2469%2C000+triggers+market-wide+rally&#038;url=https%3A%2F%2Fcryptobriefing.com%2Fbitcoin-market-rally-surges%2F&#038;via=crypto_briefing\" aria-label=\"Share on x\"><br \/>\n        <?xml version=\"1.0\" encoding=\"UTF-8\"?><br \/>\n                <svg width=\"40px\" height=\"40px\" viewBox=\"0 0 40 40\" version=\"1.1\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n                <g id=\"surface1\">\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 17.867188 0.148438 C 10.839844 0.878906 4.558594 5.507812 1.707031 12.054688 C -0.132812 16.28125 -0.441406 21.148438 0.867188 25.625 C 2.480469 31.214844 6.652344 35.933594 12.054688 38.292969 C 16.28125 40.132812 21.148438 40.4375 25.628906 39.132812 C 32.332031 37.199219 37.613281 31.695312 39.347656 24.851562 C 42.054688 14.132812 35.414062 3.171875 24.667969 0.613281 C 22.304688 0.0546875 20.226562 -0.09375 17.867188 0.148438 Z M 18.132812 12.535156 C 19.839844 14.800781 21.28125 16.667969 21.332031 16.667969 C 21.386719 16.667969 23.160156 14.800781 25.253906 12.535156 L 29.078125 8.398438 L 31.253906 8.398438 L 30.785156 8.894531 C 30.519531 9.171875 28.785156 11.054688 26.933594 13.066406 C 25.078125 15.078125 23.265625 17.039062 22.90625 17.398438 L 22.265625 18.078125 L 27.265625 24.734375 C 30.011719 28.398438 32.265625 31.441406 32.265625 31.492188 C 32.265625 31.558594 30.628906 31.601562 28.640625 31.601562 L 25 31.585938 L 21.613281 27.054688 C 19.28125 23.921875 18.1875 22.574219 18.078125 22.652344 C 18 22.71875 16.105469 24.761719 13.867188 27.1875 L 9.800781 31.601562 L 8.773438 31.601562 C 8.199219 31.601562 7.734375 31.574219 7.734375 31.535156 C 7.734375 31.492188 9.851562 29.171875 12.441406 26.386719 C 15.011719 23.601562 17.148438 21.265625 17.171875 21.226562 C 17.1875 21.171875 15.066406 18.28125 12.464844 14.800781 C 9.867188 11.332031 7.734375 8.464844 7.734375 8.441406 C 7.734375 8.414062 9.371094 8.398438 11.386719 8.398438 L 15.039062 8.398438 Z M 18.132812 12.535156 \" \/>\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 11.027344 10.1875 C 11.082031 10.28125 14.441406 14.785156 18.464844 20.171875 L 25.800781 29.988281 L 27.441406 30 C 28.453125 30 29.066406 29.945312 29.039062 29.867188 C 29.027344 29.800781 25.679688 25.292969 21.628906 19.867188 L 14.238281 10 L 12.585938 10 C 11.214844 10 10.933594 10.027344 11.027344 10.1875 Z M 11.027344 10.1875 \" \/>\n                <\/g>\n                <\/svg>      <\/p>\n<\/section>\n<\/div>\n<p> Vivian Nguyen <a href=\"https:\/\/cryptobriefing.com\/bitcoin-market-rally-surges\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Markets Home \u00bb Markets \u00bb Bitcoin\u2019s surge above $69,000 triggers market-wide rally by Vivian Nguyen Oct. 21, 2024 The Crypto Fear &amp; Greed Index stays in the &#8220;greed&#8221; zone. Key Takeaways Bitcoin&#8217;s ascent over $69,000 marks a new high, influencing a broad market rally. The rally is driven by heightened institutional interest and positive regulatory<\/p>\n","protected":false},"author":1,"featured_media":814727,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27753,3521],"tags":[11476],"class_list":["post-814726","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoins","category-surge","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/814726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=814726"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/814726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/814727"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=814726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=814726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=814726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}