Bitcoin surpasses $66,000! Up 55% year-to-date, surpassing other asset classes. Is there still room for further increase?
14日、暗号資産（仮想通貨）と関連銘柄は全般的に上昇し、 $Bitcoin (BTC.CC)$Ya $Ethereum (ETH.CC)$は6%急騰。ビットコインは14日に6％上昇し、2週間ぶりの高値となる66,233ドルを記録した。イーサリアムは6.8%上昇し、2,635.095ドルに達し、9月27日の高値2,728ドルおよび8月3日の高値3,019ドルに迫っている。一方、 $ProShares Ultra Bitcoin ETF (BITU.US)$は約9%上昇。仮想通貨マイニング企業 $CleanSpark (CLSK.US)$は12%以上上昇、 $MARA Holdings (MARA.US)$は約6%上昇した。 $Coinbase (COIN.US)$Rose significantly by 11%. $MicroStrategy (MSTR.US)$It surged by about 16% on the 11th and turned downward on the 14th.
According to data compiled by Wind, Bitcoin has risen by 55% year-to-date, surpassing other asset classes.
① Designated as a presidential candidateVice President Harris supports the regulatory framework for cryptocurrencies.He then stated.
This has given a tailwind to cryptocurrencies, fueling the optimism in the market that was already present during the Asia trading hours. On the other hand, at the fundraising event on September 22, he stated, "Encouraging innovative technologies such as artificial intelligence (AI) and digital assets while protecting consumers and investors." In addition, presidential candidate and former President Donald Trump has plans to incorporate supporters of virtual currencies like Bitcoin in the 2024 presidential election and has several initiatives related to cryptocurrencies.
Related ArticlesCryptocurrency-related stocks rise as Mr. Harris expresses support for regulatory framework = U.S. individual stocks
This has given a tailwind to cryptocurrencies, fueling the optimism in the market that was already present during the Asia trading hours. On the other hand, at the fundraising event on September 22, he stated, "Encouraging innovative technologies such as artificial intelligence (AI) and digital assets while protecting consumers and investors." In addition, presidential candidate and former President Donald Trump has plans to incorporate supporters of virtual currencies like Bitcoin in the 2024 presidential election and has several initiatives related to cryptocurrencies.
Related ArticlesCryptocurrency-related stocks rise as Mr. Harris expresses support for regulatory framework = U.S. individual stocks
According to Noel Acheson, author of the newsletter 'Crypto Is Macro Now', the recent surge in cryptocurrency is mainly led by the U.S.Election trendsresulting in Mr. Trump initially leading in prediction markets and opinion pollsTrump was ahead in predictive markets and public opinion pollsWhat had been done, and after thatThe Harris camp's somewhat supportive statement on the cryptocurrency marketresulted from. The specific content of Harris camp's digital currency policy has not been revealed, butit does not seem more negative than the Biden administration's positionYes.
In the past few days, the market forecast for the U.S. presidential election has changed drastically. Trump's chances of winning are over 50%, surpassing Harris.
②Mount Gox (Mt. Gox)According to a statement posted on the Mt. Gox website on the 10th, the trustee managing Mount Gox's assets has extended the deadline for distributing the remaining assets to creditors by one year, setting the deadline for October 31, 2025. This may help alleviate recent concerns about oversupply.Extended the deadline for distributing the remaining assets to creditors by one year.and set it on October 31, 2025.There is a possibility that recent concerns about oversupply may ease.。
UptoberThe term originates from past performance, and since 2013, Bitcoin has typically risen by an average of 22.9% in October.Bullish markets for Bitcoin every October.Represented by connecting the words 'October' and 'Up', indicating the positive trend in Bitcoin during October.
According to research by social media platform X (formerly Twitter), a majority of the cryptocurrency community is currently bullish, and Bitcoin is expected to rise to $100,000 by the fourth quarter of 2024.Based on historical data, the past performance of Bitcoin in October has usually been positive.Is doing.
Sean Farrell, Chief Digital Asset Strategist at Fundstrat Global Advisors LLC, notes that Bitcoin in October typically
Sean Farrell, Chief Digital Asset Strategist at Fundstrat Global Advisors LLC, states that October is usually aExpecting a seasonal sharp increase in the latter half of October.He also emphasized.
According to cryptocurrency analyst Ali Martinez, Bitcoin isre-crossing the 200-day moving average linewhich is expected to continue its bullish momentum in the cryptocurrency market.
The analyst highlights that in the three previous instances when Bitcoin broke above the 200-day moving average, a bullish market arrived. The attached historical data (shown in the chart below) illustrates three instances (2023, 2021, 2017) where Bitcoin broke above the SMA200 (indicated by the red line in the chart below).
① Will the Fed continue to cut interest rates
According to the report from Bitfinex, the past performance of Bitcoin in October is usually positive. If macro factors do not cause Bitcoin to decline, there is a high possibility that Bitcoin will continue its past performance. Monetary easing by the Federal Reserve Board (FRB), such as further interest rate cuts, typically has a positive impact on risk assets like Bitcoin and high-tech stocks.
According to the report from Bitfinex, the past performance of Bitcoin in October is usually positive. If macro factors do not cause Bitcoin to decline, there is a high possibility that Bitcoin will continue its past performance. Monetary easing by the Federal Reserve Board (FRB), such as further interest rate cuts, typically has a positive impact on risk assets like Bitcoin and high-tech stocks.
② Movement in futures and spot markets.
According to Bitfinex, Bitcoin is trading above the range of short-term hodlers' price realization (STH RP), but it is noted that investors are not buying with the same enthusiasm. Furthermore, the increase in futures trading indicates an increase in leveraged buying, and if demand does not recover, this activity could make the market even more volatile.
According to Bitfinex, Bitcoin is trading above the range of short-term hodlers' price realization (STH RP), but it is noted that investors are not buying with the same enthusiasm. Furthermore, the increase in futures trading indicates an increase in leveraged buying, and if demand does not recover, this activity could make the market even more volatile.
On the other hand, according to Coinglass data, the total open interest in Bitcoin futures is on the rise.
③ M2 Money Supply.
This correlation is still speculative, but many in the cryptocurrency community believe that Bitcoin's price is related to the world's M2 money supply.
This correlation is still speculative, but many in the cryptocurrency community believe that Bitcoin's price is related to the world's M2 money supply.
Source: Coindesk, Bloomberg, Coinglass, Cointelegraph
This article uses automatic translation in part.
moomoo news of individual stocks Zoe
This article uses automatic translation in part.
moomoo news of individual stocks Zoe
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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