Bitcoin surpassed $68,000 for the first time in three months, breaking through the resistance line after briefly touching that resistance line on Tuesday.

And that’s before U.S. stocks even opened. Futures are indicating a slight gain of about 0.1%, but in the past they have been inaccurate in predicting actual stock market moves.

However, Bitcoin has recently decoupled from stocks, with Bitcoin rising while stocks fell last week, and Bitcoin rebounded much better than the Nasdaq on Tuesday.

This could be a sign that Bitcoin has taken on a life of its own and people may have entered a phase where skepticism and hope are mixed.

At this point, no one really believes that this cycle will actually repeat itself, but deep down investors probably hope that it will.

Meanwhile, the currency has gone mainstream and even intertwined with politics, with CNBC reporting that Trump’s political action committee (PAC) has raised around $7.5 million in cryptocurrency.

That means Bitcoin is worth $5.5 million and Ethereum is worth $1.5 million, while Ethereum has not moved at all today, stuck at Monday’s price, while Bitcoin now seems to be heading towards $69,000.

In more political talk, Sen. Elizabeth Warren said of the Republicans trying to oust him from office: “If John Deaton goes to Washington, his crypto buddies are going to expect a return on their investments.”

Haha. We might say that's not the case. Let her go for the return on investment. What else will Deaton do for crypto? She attacks crypto after pretending to support the little guy against the big banks, showing she's two-faced. Well, crypto did it with code, and she's against it.

Yet crypto is virtually non-existent in politics in Europe. In the UK, for example, there was no mention of the industry at a major investment summit.

They tend to lag behind by about two years, whereas in the U.S., the crypto industry is changing dramatically from where it was two years ago and is slowly becoming normalized and accepted.

BlackRock, Fidelity and many other investment firms are now profiting from it. Thus, a new asset class was born.

In other developments, Ledger opened a massive nine-story headquarters in the Marais district of Paris, suggesting the industry is also creating many high-paying jobs.

We seem to be in a quiet but excited phase as far as prices go. People want to say "hush," but of course, one can't help but wonder if we'll get to $80,000 or even the big six figures.

If we do get to $100,000, that’s when the public might finally start paying attention because they’ve seen the story so far.

Four years ago, the price of Bitcoin was already approaching $70,000. What’s so great about this, they might ask, and from this detached perspective, they are correct.

Gold and stocks are both well past their all-time highs. Bitcoin is not. So from this objective perspective, Bitcoin is dead.

Still, $100,000 might give them something to look forward to. However, from $100,000, Bitcoin is currently moving very slowly. Of course, anything can happen at Moonvember, but right now bulls and bears are fighting for $70,000.

If the bears are defeated, this will be their last stand. So buckle up, because the rocket Elon Musk launched last week will send cryptocurrencies into space, maybe to Mars. Maybe.