Bitcoin charges toward $64K as Tesla ATH boosts Elon Musk to $250B net worth

Bitcoin News

Bitcoin (BTC) price hurtled towards $64,000 in a fresh round of bullishness on Oct. 25 as the market left a weak weekend behind.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Bitcoin daily gains near 7%

Data from Cointelegraph Markets Pro and TradingView confirmed solid 6.5% gains for BTC/USD in the past 24 hours to 4pm UTC Monday.

The pair erased its previous losses, these coming as part of a comedown from new all-time highs seen on Oct. 25.

As has become customary this month, Bitcoin began rising into the start of trading on United States stock markets, with $64,000 being the next level to reclaim at the time of writing.

With $60,000 seemingly retained as support, the mood among analysts has stayed more than optimistic.

For Cointelegraph contributor Michaël van de Poppe, any levels above $57,000 remained acceptable for BTC/USD.

“…I think we’re just going to have a consolidatory period or continue the momentum with some slight sideways action before we’re going to break back up towards $91,000,” he summarized in his latest YouTube update.

Tesla beats Facebook to top 5 US stocks

Bitcoin was not the solitary gainer for the day. Tesla ($TSLA) also saw an impressive performance as the stock hit a new all-time high and now aims for $1,000.

Related: BTC price ‘on the way to $90K’ — 5 things to watch in Bitcoin this week

Tesla CEO, Elon Musk, likewise saw his personal wealth hit an eye-watering $250 billion as he reconfirmed his BTC holdings.

$TSLA 1-day candle chart. Source: TradingView

Tesla meanwhile outmaneuvered Facebook to become the fifth-biggest U.S. stock.

Products You May Like

Articles You May Like

Voyager Digital cuts withdrawal amount as 3AC contagion ripples through DeFi and CeFi
XRP price rally stalls near key level that last time triggered a 65% crash
While Bitcoin and Ethereum Dominance Slides, Stablecoin Market Caps Reap the Rewards
Buy Bitcoin or start mining? HashWorks CEO points to ‘attractive investment yield’ in BTC mining
Coinbase Derivatives Exchange Reveals Nano Bitcoin Futures Product

Leave a Reply

Your email address will not be published.