October 24th, Bitcoin mining company Crusoe Energy announced that it has received a $200 million asset-backed financing commitment from investment firm Upper90. The funds raised will be specifically used to purchase more GPUs (Nvidia H100 Tensor Core GPUs) to expand their cloud business.

According to trader Dave the Wave, who accurately predicted Bitcoin's May 2021 crash, the cryptocurrency is now in a position to start a new uptrend. Dave the Wave notes that Bitcoin's weekly moving average convergence divergence (MACD) indicator has turned bullish at the zero level, indicating that BTC may be gaining momentum. He also predicts that Bitcoin will rise above the 200-month moving average and rally above the "buy zone" of his logarithmic growth curve model. Additionally, Dave the Wave is keeping an eye on the price action of the decentralized oracle Chainlink, which he believes has the potential to revisit its all-time high.

Bitcoin's price has broken out and reached as high as $35k in the past 24 hours, with the uptick in bullish momentum and high demand from institutional investors contributing to the spike. The majority of Bitcoin short traders were liquidated, leading to a sudden short squeeze.

According to Whale Alert monitoring, 1,000 BTC (worth $33,860,071) was transferred from an unknown wallet to Bitstamp at 14:29 Beijing time, as reported by DeepTech TechFlow.

Traders have lost over $178 million in bearish bets on bitcoin in the past 24 hours as prices surged past a critical resistance level. Bitcoin-tracked futures accounted for almost 50% of the total $400 million in crypto liquidations over Monday, with Binance, Huobi and OKX seeing liquidations worth $50 million each.

According to OKX market data, BTC has fallen below 34,000 USDT, currently trading at 33,895 USDT, with a 24-hour increase of 9.90%.

The cryptocurrency market is experiencing a surge, with altcoins joining Bitcoin in a 7.5% increase and adding over $150 billion to investors. Ethereum has led the way, gaining 8% and surpassing the $1,800 level, with eyes on reaching $2,000.

Investors are expected to remain anxious due to earnings reports from major companies, a busy economic calendar, and concerns over the Israel-Hamas conflict. Bitcoin prices have reached an 18-month high. The Asia-Pacific shares index fluctuated between gains and losses, while European bourses are predicted to open lower. The decline in yields on 10-year notes has impacted the US dollar and provided some relief to the yen.

On October 24th, encrypted service provider Matrixport stated that the Bitcoin futures funding rate is abnormally high, indicating that many traders are panic-buying Bitcoin and FOMO sentiment is returning. Bitcoin's market share has reached 52.1%, and in the past 24 hours, Bitcoin's trading volume has increased significantly to $29 billion.

Bitcoin and other cryptocurrencies continued to surge in Asia trade, with Bitcoin reaching an almost 18-month high on speculation of an imminent exchange-traded fund (ETF). The rise in Bitcoin and crypto-linked shares such as Coinbase Global and MicroStrategy is seen as a result of the potential demand that an ETF would bring.

Lookonchain monitoring shows that as the price of BTC soars, MicroStrategy's holding of 158,245 BTC ($5.4 billion) has generated approximately $746 million in unrealized profits. Since May 2022, MicroStrategy has purchased 28,560 BTC ($734 million) at an average price of $25,707, which has lowered its average purchase price to $29,582.

According to Jaran Mellerud, a mining service analyst at Luxor Technologies, listed mining companies will stop increasing their holdings of Bitcoin in May 2022. Since then, their holdings have decreased from 46,000 coins to 35,000 coins, indicating they have sold more Bitcoin than they have mined during that period.

According to the latest data from 8marketcap, the market value of Bitcoin has surpassed that of Tesla, ranking 11th in the global financial product market value. The market value of Bitcoin is about 676.6 billion US dollars, with a 24-hour increase of 14.13%; the market value of Tesla is about 673.1 billion US dollars, with a 24-hour increase of 0.04%.

Bitcoin prices surged 15% to over $35,200 on Binance in the last 24 hours, reaching a 1.5-year high. The cryptocurrency has gained over 20% in the past week due to renewed interest in digital assets. The recent rally is attributed to growing speculation that regulators may soon approve a Bitcoin exchange-traded fund (ETF), with BlackRock said to have secured a specific license for this purpose. The decoupling of crypto from equity markets is also noted, as the S&P 500 and Dow Jones fell in the last 24 hours while over 91,200 traders were liquidated in the past day.

According to CoinGecko data, the total market value of cryptocurrencies has surpassed $1.3 trillion, now reporting $1,313,100,095,131, with a 24-hour increase of 9.4%. Bitcoin's market share has risen to 51.4%, a new high since April 2021; Ethereum's market share is currently reported at 16.5%.

According to CoinGecko data, the total market value of cryptocurrencies has reached $1,326,960,219,828, with Bitcoin's market value reaching $679,753,481,795 and a 24-hour increase of 14.1%. Bitcoin's market dominance has also risen to 51.515%.

According to CoinGecko data on October 24th, Bitcoin's market share has risen to a new high since April 2021, currently reported at 51.4%; Ethereum's market share is currently reported at 16.5%.

Blockchain detective ZachXBT posted on X platform that an entity transferred 4,800 bitcoins (worth $144 million) from the Abraxas dark web market and deposited the merged funds into a bitcoin mixer. The dark web market had ceased fraudulent activities in November 2015 and had been in a dormant state since then.

TeleportDAO stated on social platform X that the Bitcoin bridging transaction volume of TeleSwap has exceeded $500,000, achieving seamless bridging and trading of BTC between Bitcoin and Polygon. Earlier, infrastructure platform TeleportDAO completed a $2.5 million seed round of financing, led by AppWorks and DefinanceX. TeleportDAO has created a fully decentralized Bitcoin wrapper teleBTC and trading platform TeleSwap on Polygon.

According to market data, BTC has broken through 35,000 USDT with a 24-hour increase of 15.93%.