search
Homeweb3.0Bitcoin (BTC) Rallies 6% to Reach $66.4K, Impacting Crypto-Linked Stocks
Bitcoin (BTC) Rallies 6% to Reach $66.4K, Impacting Crypto-Linked StocksOct 15, 2024 pm 04:10 PM
bitcoin Price400 Surges July 30 6% $66 Highest

On October 15, Bitcoin made headlines by rallying 6% to reach $66,400, its highest price since July 30.

Bitcoin (BTC) Rallies 6% to Reach .4K, Impacting Crypto-Linked Stocks

Bitcoin price surged on October 15, rallying by 6% to reach $66,400, marking its highest price since July 30. This surge had a positive impact on several publicly traded crypto-linked companies in the United States, with some companies reporting significant gains.

notably, the price surge coincided with election campaigns, where candidates like Kamala Vice President Kamala Harris and former President Donald Trump are pushing for better crypto industry regulations. Harris is generally viewed as being friendlier toward crypto than President Biden, while Trump is considered to be more pro-industry.

According to Google Finance data, Bitcoin miner CleanSpark (CLSK) was the day's standout performer, closing with a 12.72% gain at $10.81 and continuing to rise by 1.72% after hours to reach $11. Crypto exchange Coinbase (COIN) followed closely, surging by 11.33% to reach $196.35, which was a seven-week high, and climbing by 1.71% after hours.

Other crypto miners also posted impressive gains. Iris Energy (IREN) jumped by 10.21%, while TeraWulf (WULF) and Marathon Holdings (MARA) rose by 6.65% and 5.6%, respectively.

Meanwhile, Semler Scientific (SMLR), which recently adopted a Bitcoin-buying strategy similar to MicroStrategy, stayed flat during the day but surged by 4.3% after hours. According to Yahoo Finance, Block Inc. saw a 2.8% increase.

However, business intelligence firm MicroStrategy (MSTR), which holds over 252,000 BTC, bucked the trend by dropping 5.1% to reach $201.67 but recovered slightly after hours.

This market rally came as Bitcoin rose by 5.7% over the past 24 hours, which sparked speculation about the beginning of "Uptober," a historically bullish month for Bitcoin. According to Bitcoin analyst On-Chain College, Bitcoin surpassed key support levels, indicating a potential price breakthrough.

Currently, Bitcoin is trading at $65,395, which is still 12.76% below its all-time high of $73,612, reached on March 14, according to CoinMarketCap data. As the 2024 halving event approaches, some speculate that it could help Bitcoin break past its previous record in the fourth quarter.

Bitcoin's recent surge is influenced by growing investor optimism and the possibility of a more favorable regulatory environment. With candidates like Harris and Trump highlighting the need for better regulations, the crypto market may experience increased confidence moving forward.

The above is the detailed content of Bitcoin (BTC) Rallies 6% to Reach $66.4K, Impacting Crypto-Linked Stocks. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Senators Lummis and Scott Promise Pro-Bitcoin Legislation if Republicans Win the Majority in the Upcoming ElectionsSenators Lummis and Scott Promise Pro-Bitcoin Legislation if Republicans Win the Majority in the Upcoming ElectionsJul 27, 2024 pm 12:58 PM

Senator Cynthia Lummis took the stage to speak at the Bitcoin 2024 conference along with Senator Tim Scott, on Friday, discussing cryptocurrency and their vision for its role in the U.S. financial system.

Bitcoin (BTC) Exchange Netflow Has Just Taken to Positive Values, Here's What It MeansBitcoin (BTC) Exchange Netflow Has Just Taken to Positive Values, Here's What It MeansJul 27, 2024 am 12:07 AM

On-chain data shows the Binance exchange has received large net Bitcoin inflows during the past day, indicating that BTC's decline may extend further.

Hackers recover $3 million in bitcoin from software wallet locked for over a decadeHackers recover $3 million in bitcoin from software wallet locked for over a decadeJun 14, 2024 am 09:57 AM

JoeGrand-anethicalhackerandYouTuberwhoiswidelyknownforhisprojectsinvolvingcryptowallets,hassuccessfullyrecoveredalife-changingamountofbitcoin,presentlyvaluednorthof$3millionfromasoftwarewalletthathasbeenlockedformo

Bitcoin (BTC) – America’s Key To Economic Supremacy?Bitcoin (BTC) – America’s Key To Economic Supremacy?Jul 26, 2024 pm 09:15 PM

In the ongoing global economic and geopolitical rivalry, the United States may have a powerful new weapon – Bitcoin (BTC). That is the argument made by Sam Lyman

US Stock Market Peak Warning May Also Impact Bitcoin (BTC) MarketUS Stock Market Peak Warning May Also Impact Bitcoin (BTC) MarketJul 27, 2024 am 06:35 AM

Financial experts are warning of an impending peak in US stocks. This may also lead Bitcoin to rise. According to Arthur Budaghyan, an analyst at BCA Research, the US stock market

Bitcoin Holders Can Now Purchase European Union Citizenship, Combining Cryptocurrency and Immigration PolicyBitcoin Holders Can Now Purchase European Union Citizenship, Combining Cryptocurrency and Immigration PolicyJul 25, 2024 pm 02:53 PM

Powered by the Unbound Fund, this initiative uses Bitcoin as a key to open up Portuguese citizenship via the country's golden visa program.

Bitcoin vs. Gold vs. S&P 500: Which Is the Best Investment in the Current Market?Bitcoin vs. Gold vs. S&P 500: Which Is the Best Investment in the Current Market?Jul 27, 2024 am 07:11 AM

Cryptocurrencies, commodities, and stocks are among the most popular risk assets for investment and trade, also leading finance indicators.

Bitcoin (BTC) Witnesses “Rare” Buy Signal, Could Enjoy a Massive Rally to $130,000Bitcoin (BTC) Witnesses “Rare” Buy Signal, Could Enjoy a Massive Rally to $130,000Jul 26, 2024 am 11:26 AM

Crypto analyst Mikybull Crypto has revealed the return of a technical indicator that represents a buy signal for Bitcoin. Based on his predictions, the

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
2 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
Repo: How To Revive Teammates
4 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
Hello Kitty Island Adventure: How To Get Giant Seeds
4 weeks agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SecLists

SecLists

SecLists is the ultimate security tester's companion. It is a collection of various types of lists that are frequently used during security assessments, all in one place. SecLists helps make security testing more efficient and productive by conveniently providing all the lists a security tester might need. List types include usernames, passwords, URLs, fuzzing payloads, sensitive data patterns, web shells, and more. The tester can simply pull this repository onto a new test machine and he will have access to every type of list he needs.

MantisBT

MantisBT

Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.

mPDF

mPDF

mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),

ZendStudio 13.5.1 Mac

ZendStudio 13.5.1 Mac

Powerful PHP integrated development environment