🌍 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.

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📌 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.

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💬 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

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⚡️ #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

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🕯 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

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🧭 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

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#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? 🚀

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📆 #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.

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