Bitcoin (BTC) has recently experienced significant volatility. As of October 12, 2024, it has surged past the $63,000 mark, reflecting a 3.23% increase within 24 hours. This growth aligns with a broader "risk-on" sentiment in global markets, which has also driven up stocks and gold prices.
Interestingly, there is growing bullish momentum for BTC this month, with options traders betting heavily on it potentially reaching $70,000. This optimism is fueled by favorable macroeconomic conditions, such as the U.S. Federal Reserve's rate cuts, which have boosted speculative activity in the market.#BTC☀ $BTC
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