“Uptober”, the word game in the historically bullish month of the October crypto, is up to his name as Bitcoin Pushed towards the new maximums of all time and Altcoins also caught an offer.
After briefly flying above $ 125,000 and retiring on Sunday, BTC continued on Monday, increasing to a new record of $ 126,223 during the US negotiation session. UU. BTC changed hands around $ 125,200 recently, 1.5% in the last 24 hours.
Although the weakness of the dollar has helped the recovery of the new maximums, the largest cryptography has now ensured new maximums in terms of euros that cross 106,000 euros and exceed its January peak, while its peak of mid -August in Swiss (99,642 CHF), shows the commercial vision data.
Bitcoin’s fortress spread throughout the encryption market. Ethereum’s Ether He advanced 4% to reach $ 4,700, its strongest price in more than three weeks, which leads to the highest large large market. Popular Memecoin and the native token of the Capa-1 BNB network closely linked to the giant exchange binance, it gained 6%-6%.
Crypto’s actions published mixed results on Monday, with the Robinhood Retail Trade Platform (Hood) falling 3% after Galaxy Digital presented Galaxyone, a new cryptography trade platform that reflects Robinhood’s central offer. The announcement sent to Galaxy Digital (GLXY) shares 7%, since investors bet on the company’s movement to compete directly in the encryption brokerage space.
In other places, companies linked to cryptography, including Coinbase (Coin), Circle (CRCL) and the strategy of the Michael Saylor (MTSR) parent company, closed approximately 2% more. His performance was aligned with broader profits in the cryptographic market, where the Coendesk 20 index showed that most crypts saw modest movements upward.
The biggest profits come from mining shares, which increased in the news that Openai reached an agreement to buy tens of billions of dollars in AMD’s chips. The agreement could give Openai to a 10% participation in the chips manufacturer, a movement that sent waves through other sectors exposed to AI.
Digital Marathon (Mara), Riot Platforms (Riot) and Cleanspark (CLSK) won around 10%, driven by optimism around the demand of the data center and possibly increased by the Bitcoin rally earlier in the day.
Perfect storm for BTC
The Bitcoin rally is “fed by a perfect storm of macroeconomic tail winds,” said Jean-David Péquignot, CCO of Delibit, the place of commerce of options recently acquired by Coinbase (Coin).
The closure of the United States government is promoting degradation exchanges in perceived hard assets such as gold and BTC, strong entries in ETF BTC, together with the decrease in specific supplies in exchanges, feed a “cycle of self-reforrating reinforcement bulls,” he said in an update on Monday.
The technicians also point higher, he added, with the double fund of BTC, pointing to short -term objectives of $ 128,000– $ 130,000, with possible rise at $ 138,000. However, he also warned about overcompra conditions currently, suggesting that a brief shake at $ 118,000– $ 120,000 is still possible.
“From here, be aware of volatility peaks and any change in the volume of putting as a red flag for short -term corrections,” Péquignot said. “The bulls have their eyes at $ 130K+, and bears can find opportunities in the squeezing of overcompra.”
