According to Wu, the latest report from QCP Capital pointed out that the crypto market continues to consolidate under the key level of 64,000, with BTC fluctuating between 62,000 and 64,000 and ETH trading at the low end of 2,600.

Micron Technology Co., Ltd. rose 16% before the opening as it raised its Q4 revenue forecast. The market expects other chip manufacturers such as Nvidia to follow suit, which could be a catalyst for BTC to break through $64,000.

Macro events worth watching today include US GDP data and a speech by Fed Chairman Powell, with the market closely watching for any changes to monetary policy. Meanwhile, Vice Presidential candidate Kamala Harris reiterated her support for cryptocurrencies, promising to position the United States as a leading force in "artificial intelligence, quantum computing, and blockchain."