📌 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.

📌 Friday #CryptoDigest News:

🐳 Whale #Bitcoin holdings have reached an all-time high. Currently, they hold around 670,000 coins, and the number of wallets with a balance of over 100 #BTC has increased by nearly 300 addresses over the past two weeks.

🇺🇸 Yesterday, a wallet reportedly belonging to the U.S. government was hacked, resulting in the theft of confiscated assets worth $20 million.

🏎 #Tesla shares rose by 22% following the earnings report. Additionally, the company confirmed that all of its Bitcoins remain on the balance sheet, despite rumors.

📈 Funds continue to accumulate BTC; on Thursday, capital inflows to #ETF exceeded $188 million.

⚠️ Analysts warn: if #Bitcoin does not reach a new ATH by the end of November, it could signal serious issues in the current bull cycle.

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

🪙 #Bernstein has published the "Black Book of Bitcoin"

The 160-page document contains reports on the structure of #BTC and its potential as an investment tool. According to analysts, institutional investors are increasingly less concerned with Bitcoin’s volatility and are waiting for decisive regulatory steps from governments, particularly the U.S., to significantly increase their investments in cryptocurrency.

📈 The authors also forecast that #Bitcoin will reach $200,000 by the end of next year, a prediction that aligns with most views within the industry.

#Opinion

✅ 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.

🌍 Weekly #CryptoDigest News:

🪙 BTC.D (Bitcoin Dominance over Altcoins) — 59.46%.

🧭 Fear and Greed Index — 72

🇺🇸 30.10 15:30 USD — GDP (Q3). Forecast — 3.0%. Previous value — 3.0%

🇺🇸 30.10 17:30 USD — Crude Oil Inventories. Previous value — 5,474M

🇺🇸 31.10 15:30 USD — Core Personal Consumption Expenditure Price Index (m/m) (sept). Forecast — 0.3%. Previous value — 0.1%

🇺🇸 31.10 15:30 USD — Core Personal Consumption Expenditure Price Index (y/y) (sept). Previous value — 2.7%

🇺🇸 31.10 15:30 USD — Initial Jobless Claims. Forecast — 231K. Previous value — 227K

🇺🇸 01.11 15:30 USD — The average hourly wage for October. Forecast — 0.3%. Previous value — 0.4%

🇺🇸 01.11 15:30 USD — Unemployment Rate for October. Forecast — 4,1%, Previous Value — 4,1%

🇭🇰 Hong Kong is set to increase the number of crypto exchange licenses issued by the end of this year.

🐶 Elon Musk continues to pump #DOGE — the coin rose by 3% after his tweet with a meme. Experts suggest that #Dogecoin may grow if Trump wins the election.

🚀 In Switzerland, #BTC was launched to the moon — a symbolic rocket with the coin's logo was created in the night sky using drones.

🪙 #WallStreetJournal continues its attacks on #Tether. The company issuing #USDT called the new investigation "an irresponsible and fabricated accusation based on rumors."

✅ 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.

#Analysis #BTC

🪙 #Bitcoin broke the psychological level of $70,000, reaching a price of $71,587

📌 Consolidation with a breach at the $70,885 level

Trade:

📈 Opening LONG positions in the retest zone at $70,885

Take Profit - $71,600
Stop Loss (SL) - $70,820

not financial advice

✅ 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.