With BTC prices remaining above $34,000, the market is facing potential opportunities to break through the important $35,000 mark.
In addition, expectations surrounding the SEC’s approval of a BTC spot ETF continue to rise, v:imxx778 enhancing the market’s sentiment-driven rebound.
This situation triggered a bull run for altcoins such as Solana, with prices continuing to rise. #SOL

In this market environment, many investors are wondering, "How high could Solana's price go?"

Potential key factors for SOL's recent rise may include:
Due to the drama surrounding FTX and the ongoing bankruptcy lawsuit, many investors are choosing to stay away from Solana.

The most recent event that has attracted widespread attention is the listing of the new currency TIA (Celestia). The core goal of the Celestia project is to address the issue of blockchain expansion. v: imxx778 Although similar solutions already exist on the market, perfect results have not yet been achieved. As blockchain technology continues to develop and advance, this is a challenge for Celestia, but it may also contain potential opportunities. #TIA

TIA is an ATOM derivative token in the Cosmos ecosystem. It has officially announced that it will conduct airdrop rewards for many active wallets on the old chain. I myself also participated in the ATOM ecological project and pledged ATOM tokens, so I am also eligible to receive airdrop rewards.

On Tuesday, analysts at Bernstein Research, a top Wall Street sell-side research and brokerage firm, suggested that Bitcoin could rise to $150,000 by mid-2025, a gain of up to 337%, as the world’s largest cryptocurrency enters a new market cycle.

#etf Research has released a report covering crypto worker companies, proposing that BTC may be ushering in major changes in the industry market, including the upcoming BTC halving event and the approval of the first ETF. #BTC🔥🔥
The report was released by a team led by Gautam Chhugani, senior global digital analyst. The report emphasizes the importance of choosing the right time to invest, and even if some investors have reservations about Bitcoin, they should view it as an asset objectively. According to the report’s analysis, BTC’s history shows that its price rises every time a “halving” event occurs. The halving event is a regular event in the BTC network that occurs every four years and causes the number of BTC awarded by WK to be halved. The next halving event is expected to occur in April 2024.

Aave (AAVE) investors failed to consolidate recent gains and price rejected resistance at 86.5$, leading to a sharp retracement. After falling 13%, AAVE rose to recent support at $77. However, as of this writing, investors have managed to hold the support on the 12-hour time frame and are actively looking for a rebound. Meanwhile, BTC has consolidated its recent gains in the $34,000 price area, with buyers looking to break through the next hurdle at $35,000. #Aave
AAVE maintains bullish sentiment despite sharp retracement

Despite the pullback, AAVE is still showing bullish signs in the short term. While the RSI has moved out of overbought territory, it remains above the neutral 50 level, indicating that there is still strong buying pressure, which is confirmed on the longer time frame.

More than BTC! The global cryptocurrency market surges, with new highs springing up
CoinDesk data reports that on Friday (October 27), BTC’s rising momentum has spread to the entire cryptocurrency market, with various sectors recording gains. #BTC
In the past week, BTC price has increased by more than 14%. Although it hit a new yearly high of $35,000, it did not break through this price mark and was recently trading around $33,700. Similarly, the CoinDesk Market Index (CMI) rose 14%.
Among digital assets, the strongest performing sector is the CoinDesk Computing Sector (CPU), an index tracking protocols building and supporting Web3 and distributed computing infrastructure. The CPU sector gained more than 17%, driven mainly by Chainlink (LINK) and Fetch.AI (FET) tokens. #CPU #FET

Polygon (formerly known as MATIC Network) recently announced the launch of a token contract called POL, designed to replace the existing MATIC token in the future. This initiative is part of the Polygon 2.0 development roadmap to improve and strengthen the Polygon ecosystem.
This article will delve into Polygon’s motivations for introducing the POL token and how important this is to its future development. #Polygon

POL token supports Layer 2 chain:
The POL token is designed to act as the engine for a series of Layer 2 chains, and by introducing the POL token, Polygon aims to provide these chains with more functionality and flexibility. This move will improve the scalability and interoperability of the entire ecosystem, providing users and developers with more choices. #LAyer2

POWR, a leading technology company specializing in software for distributed and decentralized energy markets, has been making waves. Its native token POWR has experienced a significant surge, rising by an impressive +125% over the past week and an impressive +142% last month.
The rise in the value of POWR marks that after a major breakthrough in the cryptocurrency market, POWR has become an important force that cannot be ignored in this dynamic field. It rose 9.58% in two days and its market capitalization reached $183 million.
POWR’s Big Breakout: POWR’s surge signals a break from the cryptocurrency market’s recent downtrend. This breakout occurred on October 14, 2023, when it successfully broke through the resistance level of 0.1650$. After this breakout, $POWR underwent a successful retest and began to rise rapidly starting on October 20, 2023. #POWR

CFX price has surged significantly over the past 24 hours, rising by more than 35% and currently reaching 0.150583 $. This meteoric rise in price appears to be driven by positive sentiment across the cryptocurrency market. As BTC prices rise, some traders may be turning their attention to altcoins such as CFX. #CFX

Recently, the CFX token has shown outstanding performance in the cryptocurrency market, and this coin has strong ties with China’s blockchain community. Conflux is one of the few public, permissionless blockchain networks in China. According to technical analysis, the CFX token has been in a descending wedge pattern on the 4-hour chart in recent weeks, but has recently managed to break out of the pattern, accompanied by strong bullish trading volume.

Throughout 2023, PEPE experienced a remarkable recovery as the continued meme coin craze swept the cryptocurrency market.
After a long period of decline from July 14 to October 3, this memecoin stopped its downward trend and entered the accumulation stage. Then, starting on October 20, it started a new bullish uptrend, significantly outperforming ETH-based altcoin SHIB and Elon Musk-backed DOGE. #PEPE
Due to this upward trend, PEPE regained its position in the top 100 cryptocurrencies and is currently ranked 96th.

BTC breaks through $35,000, the market is on an uptrend

Morgan Stanley report: Cryptocurrency winter may thaw, and the next BTC halving may trigger a new bull market.

Morgan Stanley’s wealth management arm believes that the cryptocurrency winter may be over and BTC’s next halving event may kick off a new bull market. In their report titled “Is the Spring of Cryptocurrency Coming?”, they delve into the four-year cryptocurrency cycle and the importance of the BTC halving event to the market. #BTC
Danny Galindo, an analyst in the report, said: “There are signs that the ‘crypto winter’ – BTC’s cyclical bear market decline – may be a thing of the past.”

BTC market share climbs to 49%, reaching peak in more than two years

According to a report by The Block on October 22, BTC market share has increased to over 49%, the highest level in more than two years, according to data from Coingecko.
BTC’s market dominance has steadily increased, rising from approximately 38% at the beginning of the year to 48.85% on October 21, reaching its highest level since April 2021.
This increase in dominance can be attributed to the strong rebound in BTC prices over the past year, up 81% since the beginning of the year.
Rebecca Stevens, a researcher at The Block, noted that the increase in dominance reflects the cryptocurrency’s strong performance under current market conditions, which it has been doing well for much of the week.

FIL once again held on to the 3$ support level and showed a strong rebound, rising by 12%. Previous price analysis has highlighted buying opportunities at support levels, a prediction that has been confirmed by strong bullishness from buyers.
If bulls can break through this barrier, it could lead to more profits

The RSI has broken above the neutral 50 level and surged into overbought territory, showing strong buyer pressure. Similarly, OBV has experienced a considerable rise while CMF remains above zero, indicating good inflows.
These bullish price movements and positive indicators corroborate each other, suggesting that FIL may continue to rise in the near term. However, the resistance level of 3.5$ needs to be breached as it has previously restrained the upward rally in price.

In the Asian market on Tuesday (October 24), BTC quickly broke through the key level of 34,000$, resulting in a sudden liquidation of short positions, with the total single-day liquidation exceeding $350 million globally. According to Bloomberg’s ETF analyst Eric Balchunas, the iShares$ spot ETF owned by asset management giant BlackRock has been listed on the Depository Trust and Clearing Corporation (DTCC), with the G ticket code IBTC.

At around 6:30 am Beijing time on Tuesday, the price of BTC suddenly skyrocketed, rising from about 32,000$ to more than 2,000$. BNB BTC spot data once reached 34,741$, an increase of nearly 10% in 24 hours. At the same time, the BTC futures market fluctuated more intensely, affected by the liquidation of a large number of short positions, and the highest price once reached 35,918z$.

The price of BTC once rose to 35,000$. The following reasons are behind this increase:
BlackRock’s iShares Bitcoin Trust has been listed on the Depository and Clearing Corporation (DTCC) under the stock code IBTC. Note that this is a trust and not an ETF, but it raises expectations for a cryptocurrency ETF. According to a screenshot of a U.S. SEC regulatory filing, the SEC has accepted Grayscale’s ETH Trust listing and trading rule change filing, which means that ETHE may be converted into an ETF. Grayscale spokesperson Jennifer Rosenthal said in a statement that the Grayscale team looks forward to continuing to work constructively with the SEC to convert GBTC into an ETF. They are operationally ready and plan to take early action on behalf of investors.