**Good News in Crypto World: Bitcoin Heads to $70K! đ**
- The crypto market cap has hit $2.5 trillion for the first time since July! Bitcoin is close to breaking $70,000, but can this weekâs economic reports push it higher?
- With the US presidential election just two weeks away, expect increased volatility, says Kobeissi Letter.
**This Weekâs Economic Events:**
1. Existing Home Sales Data â Wednesday
2. Initial Jobless Claims â Thursday
3. New Home Sales Data â Thursday
4. September Durable Goods Orders â Friday
5. MI Consumer Sentiment Index â Friday
- About 15% of S&P 500 companies, including Microsoft, IBM, Amazon, and Tesla, will report earnings this week. Rising tech stocks could have a positive impact on the digital asset market.
**Crypto Market Outlook:**
- Bitcoin hit $69,430 before retreating to $68,900. Ethereum also rose 3.5% to $2,760, its highest since Aug. 25.
- Altcoins also surged: Solana (SOL) $170, Cardano (ADA) $0.368, and Chainlink (LINK) $12.
Got a prediction or comment? Share it below! đ
