Bitcoin (BTC) price plunged toward $ 64,000 in a new round of optimism on Oct. 25 as the market left a weak weekend behind.
Bitcoin’s daily earnings are close to 7%
Data from Cointelegraph Markets Pro and TradingView confirmed solid gains of 6.5% for the BTC / USD pair over the past 24 hours as of 4pm UTC on Monday.
The pair erased its previous losses, which came as part of a decline from the new all-time highs seen on October 25.
As has become customary this month, Bitcoin started to rise early in trading on the US equity markets, with $ 64,000 as the next level to recover, as of press time.
With $ 60,000 apparently being held as support, the mood among analysts has remained more than bullish.
Looks like #BTC has successfully retested the green area as support$ BTC #Crypto #Bitcoin https://t.co/Wr5ojGrSIb pic.twitter.com/ByFllf0wbA
– Rekt Capital (@rektcapital) October 25, 2021
For Cointelegraph contributor Michaël van de Poppe, any level above $ 57,000 remained acceptable for the BTC / USD pair.
“… I think we’re just going to have a consolidation period or continue the momentum with a little side action before we break out again towards $ 91,000,” he summed up in his latest YouTube update.
Tesla overtakes Facebook in top 5 of US stocks.
Bitcoin was not the only winner of the day. Tesla ($ TSLA) also saw an impressive performance as stocks hit a new all-time high and is now targeting $ 1,000.
Tesla CEO Elon Musk also saw his personal wealth hit $ 250 billion by reconfirm your BTC holdings.
Meanwhile, Tesla surpassed Facebook to become the fifth largest US stock.
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