Bitcoin soars past $72K

Top traders declare that the BTC bull market is back

Author

Daniel Akpobare
October 30, 2024

In partnership with

GM Explorer,

Bitcoin is back in the spotlight; this time, it’s for all the right reasons. Not only has it significantly risen, but it’s also brought all-time highs within arm’s reach.

Here’s what we got for you today:

  • 📈 Bitcoin soars past $72K!

  • 🗣️ Why Ripple co-founder backs Kamala Harris!

  • 🧱 Around The Block: Vitalik Buterin unveils ‘The Splurge’ to future-proof Ethereum against quantum computers.

📈 Bitcoin Soars Past $72K!

Bitcoin is back with a bang, folks!

It’s successfully smashed through the $72,000 mark, igniting a whirlwind of excitement and a healthy dose of panic in the crypto world.

In the last 24 hours alone, over $265 million in positions have been liquidated!

And guess what? Binance topped the liquidation leaderboard, with OKX and HTX close on its heels.

Meanwhile, the bulls are absolutely thriving.

Seasoned trader Dave the Wave has declared to his 146,000 followers that Bitcoin's bull market is likely back in full swing, thanks to a breakout of around $69,000.

Meanwhile, Bluntz, who proudly wears the “Master Trader” badge on Bybit, has his eyes set on six figures.

Using the intriguing Elliot Wave Theory, Bluntz charted a potential path that could catapult Bitcoin to a staggering $120,000 by March. Talk about aiming for the stars!

Crypto analyst Rekt Capital is also waving the bullish flag, pointing out that Bitcoin’s latest rally aligns perfectly with a classic “bull flag” pattern—a setup that usually hints at even more upward action.

As it stands, Bitcoin is holding steady with a jaw-dropping 111% surge over the past year.

And with traders eyeing those six-figure targets, it feels like the crypto rollercoaster just got a thrilling jolt of adrenaline.

Want to learn more? Click here!

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🗣️ Why Ripple Co-founder Backs Kamala Harris!

Ripple co-founder Chris Larsen has openly voiced his confidence and support for Vice President Kamala Harris ahead of the upcoming elections.

Larsen has donated over $11.8 million to support Harris’s U.S. presidential race, and now, he’s explaining why.

In an interview with CNBC released yesterday, he said he believes Harris will chart a course refreshingly different from Biden regarding digital assets.

He stated that the Biden administration “outsourced” the handling of digital assets to Senator Elizabeth Warren, a politician notorious for her anti-crypto stance.

That action resulted in the “war on crypto,” which ultimately prevented America from leading the crypto industry globally.

However, things will be different with Harris if elected.

This assertion is based on discussions with figures he believes will be in the Harris administration, which led him to believe that Harris will be “pro-innovation” in contrast to Biden, whom he deemed “too anti-business.”

While Larsen is rallying for Harris, he acknowledges that a significant fraction of the crypto industry is leaning toward presidential candidate Donald Trump due to his strong pro-crypto policies.

Yet, he emphasizes that both parties are actively promoting pro-crypto agendas in their campaigns.

Another hot topic among crypto enthusiasts is the future of SEC Chair Gary Gensler.

Trump has promised pro-crypto supporters that he’d fire Gensler, but there are whispers that Harris may nominate him as Treasury Secretary.

Although these rumors remain unconfirmed, they've ignited significant backlash within the crypto community.

When asked about the possibility of Harris replacing Gensler, Larsen stated that the decision ultimately rests with her.

However, he didn’t hold back his disdain for Gensler, branding him “the worst public servant this country has ever had.”

So, it’s safe to assume he wants Gensler out as much as any other crypto enthusiast.

Be sure to check out the full story here.

🧱 Around The Block

That's all we've got for you today.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions.

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