The latest price moves in crypto markets in context for Oct. 29, 2024.
Bitcoin rose above $71,200 on Tuesday morning as crypto markets continued to rally.
Latest crypto prices:
Bitcoin is up 4% in the last 24 hours and trading at $71,248.64.
Ether rose 3.9% to $2,625.97.
DOGE led the gains, jumping over 14% to around $0.165.
The broader digital asset market, as measured by the CoinDesk 20 Index, was up by over 3.2%.
Bitcoin Surges Past $71K as Crypto Markets Rally
Bitcoin price rose to over $71,200 early European morning on Tuesday amid a significant uptick in trading activity.
BTC broke through the $70,000 barrier for the first time since June on Monday, prompting $48 billion in trading volume and over $143 million in shorts being liquidated across the crypto market.
Bitcoin is now up by around 4% in the last 24 hours, while the broader digital asset market, as measured by the CoinDesk 20 Index, is up by over 3.2%.
DOGE futures interest is nearing record levels, thanks to increasing confidence of Donald Trump winning next week's presidential election.
Traders view DOGE as an election play thanks to Elon Musk's endorsement of the Republican candidate, and by extension the possibility of Musk running a "Department of Government Efficiency," abbreviated as D.O.G.E.
DOGE futures interest surges ahead of US election
DOGE-denominated futures have risen 33% since Sunday to 8 billion tokens as of European morning hours Tuesday.
“Elon is memeing the idea of a 'Department of Government Efficiency' into reality and is able to tie it to DOGE somehow,” influential X account @theunipcs told CoinDesk.
A Trump victory next week would bring “an even more parabolic move in dogecoin,” @theunipcs added.
Crypto.com Surges Past Coinbase in North America
Trading on Crypto.com has exploded this year, pushing the crypto exchange’s volumes in North America ahead of Coinbase.
Crypto.com’s monthly spot trading volume soared to $134 billion in September from $34 billion in July, according to data from The Block.
Overall trading volumes on North American crypto exchanges were $183 billion in September, in which Coinbase handled $46 billion.
Kraken, the third-largest exchange, was way behind in October with just under $10 billion in trading activity.
A key reason for its popularity could be the wide range of tokens on offer. Crypto.com lists over 378, compared to Coinbase and Kraken which offer fewer than 290 tokens each.
The above is the detailed content of Bitcoin Jumps Above $71K, DOGE Leads Market Surge. For more information, please follow other related articles on the PHP Chinese website!

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.

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

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.

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

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

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

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

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
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

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),

SublimeText3 Linux new version
SublimeText3 Linux latest version

Notepad++7.3.1
Easy-to-use and free code editor

PhpStorm Mac version
The latest (2018.2.1) professional PHP integrated development tool

Dreamweaver CS6
Visual web development tools
