**Crypto Market Update: Bitcoin Gains Momentum**

Bitcoin (BTC) is on the rise, crossing the $62,000 mark and eyeing the $65,000 resistance level. Despite a sluggish third quarter, Bitcoin remains the top-performing asset of the year, according to the New York Digital Investment Group. Japanese firm Metaplanet recently boosted its Bitcoin holdings, buying 108.78 BTC at an average price of $63,600.

However, not everyone is optimistic. CoinShares reported $147 million in outflows from digital investment products last week, attributing this to stronger-than-expected economic data reducing the likelihood of significant rate cuts.

Stay tuned as Bitcoin's strength could potentially attract buyers to altcoins.