Bitcoin’s price experienced a slight dip during the Asian and European trading sessions, dropping back to around $67,000 after surpassing $68,000 on Wednesday. This consolidation phase saw a 0.7% decrease in BTC’s value over the past 24 hours, with other major cryptocurrencies also showing minor retracements. The overall digital asset market, as indicated by the CoinDesk 20 Index, declined by 1% during this period.
Despite this pullback, bitcoin seems to be holding steady above the $67,000 mark, suggesting that it may not be facing a significant reversal at the moment. Traders are now waiting for the next catalyst that could drive the price action of the leading cryptocurrency.
In the realm of prediction markets, Donald Trump has gained a lead over Kamala Harris on platforms like Polymarket and Kalshi. Trump is currently ahead of Harris by a margin of 56-44 on Kalshi, with a notable surge in his odds in early October. Market analysts attribute this shift to Harris’ declining popularity in key demographics and states, leading to an increased likelihood of Trump’s return to the White House in 2025.
Meanwhile, a recent report by Aspen Digital reveals that an increasing number of private wealth managers in Asia are venturing into the crypto market. With some predicting that bitcoin could reach $100,000 by the end of the year, digital assets are gaining traction as an alternative investment option for high-net-worth individuals and family offices in the region. The report highlights a growing interest in cryptocurrencies as a means to achieve higher returns, diversification, and protection against inflation.
On the technological front, Ethereum continues to dominate the chart of top blockchains by the total dollar value of cryptocurrencies bridged in the past four weeks. Coinbase’s layer 2 solution, Base, has shown significant activity compared to its competitor Arbitrum, indicating a preference for this scaling solution among users.
As the crypto market evolves, it is essential to stay informed about the latest developments and trends. CoinDesk, an award-winning media outlet covering the cryptocurrency industry, upholds strict editorial policies to ensure integrity, independence, and unbiased reporting. With the backing of the Bullish group, CoinDesk remains committed to delivering accurate and insightful news to its audience.
