🌍 Weekly #CryptoDigest News:

🪙 BTC.D (Bitcoin Dominance over Altcoins) — 58.03%.

🧭 Fear and Greed Index — 48

🇺🇸 17.10 15:30 USD — Initial Jobless Claims. Forecast — 241K. Previous value — 258K

🇺🇸 17.10 18:00 USD — Crude Oil Inventories. Previous value — 3,889M

💵 Co-founder of #Ripple Chris Larsen donated $1 million in #XRP to Kamala Harris.

🕯 The market estimates an 89.5% probability that the US Federal Reserve will cut rates by 25 bps on November 7.

🪙 #BTC last updated its #ATH 214 days ago. The record for the longest gap between Bitcoin’s all-time high price was 230 days, set in 2013.

📈 Funds have resumed accumulating digital gold: on Friday, capital inflows into #ETFs totaled $253.6 million.

🇨🇳 Last Saturday, China once again announced economic stimulus measures, and #Bitcoin responded with a rise.

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

📌 Key points from #CoinDesk's analysis in the regular #HotPicsFromX column:

🕯 There is a correlation between the rise in gold prices and new #ATH for #BTC: for example, gold reached a record high in 2020, which subsequently led to #Bitcoin reaching new price peaks by the end of the same year.

📆 The same pattern is happening now — in the last seven trading days, inflows into #Gold-#ETF have reached record highs for the past two years. Once the growth in gold prices halts, investors may shift their focus to BTC.

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

💬 For the start of alt season, it's not enough for #BTC to update its #ATH

This view was expressed by #HashkeyCapital. According to them, Bitcoin's price peak at $74,000 will still be a weak trigger for an altcoin rally.

Historically, altcoin growth has been associated with a Bitcoin dominance index level of around 60%-70%. At the moment, this suggests a #BTC price above the simple all-time high. Such values can only be expected at price levels between $77,000 and $108,000 per coin.

💯 — Waiting for #altseason
🗿 — Waiting for BTC ATH

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

⚡️ #Bitcoin has reached $71,000

In yesterday's trading session, spot #BTC-#ETFs attracted $479 million, with #BlackRock accounting for $315 million of that.

📈 Bitcoin is now only a few percentage points away from reaching a new #ATH. For comparison, other top-100 coins are still far from their all-time highs:

- XRP: 550%
- DOGE: 345%
- ETH: 86%
- TON: 63%
- SOL: 43%
- TRX: 41%

🧭 The Fear and Greed Index remains in the 72 zone — the greed zone.

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

🕯 Funds are investing in #Bitcoin, while #Tether prints money

While #BTC was climbing towards its price peaks in an attempt to break through the #ATH, and all BTC holders were in profit, according to #IntoTheBlock, two more events added fuel to the market:

🔼 Spot #ETFs on digital gold brought in $870 million in yesterday's session, marking the third-largest inflow since the instrument's launch.

🪙 The issuer of #USDT released another 1 billion coins on the #TRON blockchain.

Meanwhile, Bitcoin dominance has reached 60%, and experts anticipate an upcoming market shift toward altcoins. However, this is likely only after a new potential BTC growth trigger, driven by a key interest rate cut in the U.S., expected as soon as November 7, with a 98% market expectation.

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

🧭 The Fear and Greed Index has reached a value of 77 — extreme greed

This may indicate an overheated market and an increased likelihood of a correction. Additionally, according to the #DCA investment strategy, selling some assets during periods of market greed can help reduce the risk of losses, which may put some pressure on #BTC.

🪙 Meanwhile, analysts attribute yesterday’s growth not only to record inflows into #ETFs over the past six months but also to a short squeeze. Liquidations of shorts on #Bitcoin alone amounted to $115 million.

Which direction are we headed?

😢 — Correction
😎 — Break #ATH

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

#CryptoNews

#Opinion

🪙 Analysts from #10XResearch predict $100,000 for #Bitcoin by January 2025

The company’s experts are confident that current market trends and upcoming events, such as the U.S. elections and a potential key rate cut, could lead #BTC to a sharp rise to the psychological mark of $100,000.

🕯 According to 10XResearch, based on the last 15 signals, the accuracy of their forecasting models is 86.7%. Meanwhile, Bitcoin is under pressure from whales who are taking profits near the #ATH, anticipating possible price fluctuations.

Waiting for January? 🚀

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

📆 #EventOfTheDay: U.S. Elections

Tomorrow, November 5, one of the most significant events for the entire crypto market will take place: the U.S. presidential election. The publication of results is expected on November 6, and many experts agree that regardless of which candidate wins, #Bitcoin is likely to continue its growth.

📌 For instance, analysts at #SpotOnChain point out that historically, a bull market has often followed the election. In their view, regardless of whether Donald Trump or Kamala Harris wins, #BTC will set a new #ATH (all-time high) and reach $100,000 by the end of the year.

Meanwhile, betting platforms show improved odds for the Democratic candidate, with Harris’s chances rising to 44%, which may have contributed to recent market corrections.

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

🔥 #Bitcoin has set a new all-time high

After the release of preliminary results, Trump’s chances of winning stood at 93%. Although the count is ongoing, this data was enough to give #BTC a boost and push it to a new #ATH.

🕯 Alongside digital gold, top-100 altcoins also saw gains: #GOAT +48%, #DOGE +29%, #UNI +23%, #SUI +21%, #WIF +20%.

📈 Additionally, political #memecoins are on the rise, with some showing gains of up to +1,000%.

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

🗣️ Jerome Powell's Speech — Key Takeaways

As expected, the #Fed cut the rate by 0.25%, which led to a moderate reaction from #BTC and a new #ATH at $76,872 per coin. Afterward, #Powell delivered a speech where he emphasized the stability of the economy and a possible further rate cut of 0.25% in December this year.

🕯 Additionally, the Fed chairman stated that the latest inflation report “wasn’t terrible,” and inflation has significantly decreased, continuing its steady movement toward the 2% target. However, the rise in prices was slightly above expectations.

📌 The main message of Powell's speech was that the Fed is on the verge of a “turning point,” and it will approach further rate cuts with greater caution. Nevertheless, he noted that the Fed's policy will continue to ease.

After the Fed chairman’s speech, the U.S. stock market closed in positive territory, with tech stocks rising by 2%-5%.

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.