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Despite occasional price volatility, BTC has repeatedly demonstrated its resilience and surpassed previous highs. Several factors may be driving this trend, including growing institutional adoption through investment vehicles such as Bitcoin ETFs and growing recognition as a reliable store of value and inflation hedge.
According to data from Newedge, Bitcoin has been profitable for 5,134 of the 5,213 trading days since its inception. This represents 98.48% of all days in existence, highlighting the steady growth of BTC's value over time.

Ardoino revealed that Tether is holding approximately $100 billion in U.S. Treasury bonds, 82,454 Bitcoin, worth about $5.5 billion at current market prices, along with 48.8 tons of gold. He emphasized the importance of these reserves in the context of instability and concerns from a recent article in the Wall Street Journal, which suggested that the U.S. government is investigating the company over allegations of violating anti-money laundering laws and sanctions.

In the past week, Bitcoin (BTC) has undergone a significant correction, accompanied by a notable decline in trading activity. Specifically, trading volume has decreased by up to 62%, reflecting a weakening in demand and the number of market participants.
This decline has sparked much discussion among analysts about the important role of individual investors in driving the BTC bull run. One prominent opinion comes from analyst Burak Kesmeci of CryptoQuant, who asserts that BTC needs to reach 54 million individual investors to kick off a strong price surge.

Ethereum (ETH) is currently down 5.4% since the beginning of October, reaching $2,490 on October 28, marking the first decline in October since 2018. The reason for this decline is increasing competition from new smart contract platforms like Solana (SOL) at $176 and weak market reactions to Ethereum-based ETF funds.
Ether maintains previous support that has increased by 160%

An analyst who accurately captured Bitcoin’s correction ahead of this year’s halving event believes BTC is strengthening its case for a trend change.
Anonymous analyst Rekt Capital told his 506,300 followers on media platform X that BTC is very close to bullish territory after surging above $69,000 last week.
According to the crypto strategist, the move marks the end of Bitcoin’s downtrend that began in March.

Trader Credible Crypto predicts a major drop is likely to come.

BTC/USD Chart – 1 Hour | Source: Credible Crypto
The chart published on X on October 23 shows a potential return to the $60,000 mark, which Peterson describes as solid support.
“The likelihood of a drop below $60,000 is decreasing, and Bitcoin is not overvalued at the moment.”
“Notice how Bitcoin has been following the two-cycle average for the past few weeks,” he commented in a separate X post, along with a chart. “It’s amazing how BTC is following a path that was set four years ago!

Hong Kong’s Secretary for Financial Affairs and Treasury, Christopher Hui, said the Chinese Special Administrative Region wants to build “a favorable environment for blockchain, especially in financial applications.”
In a speech at Hong Kong FinTech Week on Sunday, Hui noted that the government regularly receives questions about its motivation to develop the sector. Hong Kong already offers a number of tax incentives to private funds and family offices, as long as they meet certain criteria and invest in designated sectors. The incentives include exemption from the standard 16.5% capital gains tax, and the portion of profits that private equity fund managers receive from successful investments is not subject to tax. Some transactions may also be exempt from stamp duty.

A month ago, Ethereum liquidity staking derivative protocols (LSD) had reached a total of 14.08 million ETH, surpassing the 14 million mark. Since then, these protocols have attracted an additional 60,000 ETH.
Ethereum liquidity staking has significantly increased in popularity, with protocols now accounting for 11.74% of the total 120,404,808 ETH in circulation. To put this into perspective, this ratio is 5.15 times higher than the 2.28% of ETH managed by ETF funds. By the end of September, 30 liquidity staking protocols had surpassed the 14 million ETH threshold.

Information from the Commodity Futures Trading Regulatory Agency (Bappebti) and local cryptocurrency platforms shows that over 60% of cryptocurrency investors in Indonesia are aged between 18 and 30. Among them, 26.9% belong to the age group of 18 to 24, and 35.1% are aged 25 to 30.

Simulated data comparing investment programs between cryptocurrency assets, stocks, gold, and crude oil during the period 2013-2023 | Source: Tokocrypto

Data from TradingView shows Bitcoin has risen from a low of $67,541 on October 29, adding 5.86% to reach a 20-week high of $71,500 on October 29.

4-hour BTC price chart | Source: TradingView
Accompanied by Bitcoin's price performance is a surge in trading volume, reaching $47.7 billion at the time of writing, more than double the volume recorded on October 28.
According to data from CoinGlass, this move has caused over $78 million in short liquidations in the past 24 hours, contributing to the price spike as traders closed losing positions.

Bitcoin (BTC) recorded its highest three-day closing price ever at $72,724 on October 29, after the cryptocurrency surged 8.75% in 24 hours. With BTC surpassing the $71,500 resistance level, investors are expecting a return on investment (ROI) of between 145% and 530% over the next 12 months, based on this key indicator.

BTC/USDT 3-day chart | Source: TradingView

In a letter to Chris Spencer, Executive Director of the Florida State Board of Administration (SBA), Patronis wrote:
'Bitcoin, often referred to as 'digital gold', has the potential to help diversify the state's investment portfolio and provide a hedge against the volatility of other major asset classes.'
Patronis's letter recommends that the SBA conduct a report on the feasibility, risks, and potential benefits of allocating a portion of the state pension fund to digital assets, and to do this before the next legislative session, scheduled for March 4, 2025.

Dogecoin (DOGE) broke out above the symmetrical triangle pattern on October 18, and the bulls successfully held the price above the breakout level on October 25.

Daily DOGE/USDT Chart | Source: TradingView
The 20-day EMA ($0.13) is trending upward and the RSI is in the positive zone, indicating that the bulls are in control of the market. If buyers can push the price above the resistance at $0.15 and maintain it above this level, the DOGE/USDT pair could rise to $0.17 and then to $0.19.

Dogecoin (DOGE) has not surpassed the level of $0.18, attracting profit-taking from short-term traders.

Daily DOGE/USDT chart | Source: TradingView
A positive signal is that the bulls are not allowing the price to slide below the breakout level of $0.15. The strong recovery from $0.15 shows that the bulls have turned this level into support. Buyers will try again to push the DOGE/USDT pair above $0.18. If successful, this pair could rise to $0.21.