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On Tuesday, the price of bitcoin surged to $73,500, as the afternoon momentum even pushed higher bitcoin.
With the dominance of bitcoin, the crypto market is heating up.
The crypto star maintained its pace on October 29th, reaching $73,600 on Bitstamp by 3 p.m. Eastern Time in the USA. With this rise, bitcoin's market cap reached $1.44 trillion, accounting for over 58% of the total $2.46 trillion crypto economy. Bitcoin's 24-hour trading volume soared to $65.38 billion, exceeding the entire crypto market of $113 billion.
Today, USDT, USD, FDUSD, USDC, KRW, and EUR are leading the way as the most active BTC trading pairs. According to statistics from coingecko.com, Binance and Coinbase rank at the top of bitcoin exchange exchanges. Futures trading is also booming; as reported by coinglass.com, open interest is set to rise to $44.15 billion. QCP Capital attributes the gains in bitcoin to various factors, especially the strong inflow of nearly $1 billion into spot ETFs last week.
QCP analysts revealed that Emory University recently invested $15 million in Grayscale Bitcoin Trust fund, marking a new turning point. This signifies the first known university endowment fund investment in digital assets, showcasing growing interest from traditional conservative funds. The headquarters of this fund...

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