Bitcoin briefly fell below US$59,000 yesterday and then began to rise. After climbing to a high of US$63,417 early this morning, it began to fluctuate in a range. It is now trading at US$62,858, up 4.46% in the past 24 hours; in addition, the trend of Ethereum is consistent with that of Bitcoin Similarly, it hit a maximum of $2,471.45 early this morning and is now trading at $2,447.29, up 2.53% in the past 24 hours. (Previous summary: The Irish government confiscated US$370 million in Bitcoin but was unable to liquidate it: the private key may have been lost) (Background supplement: The Ethereum ICO whale dumped the goods again! Is the price of ETH really irreversible? ) Bitcoin After the currency briefly fell below US$59,000 in the early morning of yesterday (11th), it quickly rebounded and continued to rise. In the early hours of this morning, Bitcoin prices began to trade range-bound after climbing to a high of $63,417. It was trading at $62,858 at the time of writing, up 4.46% in the past 24 hours. BTC price Ethereum rebounded to hit $2,500. The price trend of Ethereum is close to that of Bitcoin. After briefly touching $2,330.66 yesterday, it began to rebound upward. It hit a maximum of $2,471.45 early this morning and then fluctuated in a range. It is now at $2,447.29, nearly 24 It rose 2.53% hourly. ETH price October “Uptober” crypto market is affected by national factors. On the other hand, according to Coinglass data, in the past 11 years, the number of increases in October is 9 times, and the probability of increase is as high as 82%. For this reason, the encryption market often rises ten times. The month is called "Uptober". But after two crashes in early October, the market's bullish confidence in October is gradually waning. In this regard, QCP Capital analysts believe that the chances of a bullish October are still high, but only if Bitcoin remains at the $60,000 support level: US stock market indexes rose, and the S&P 500 hit a new high, although the crypto market has not yet shown the same optimism , but as long as the key support level of $60,000 remains unbroken, we still have hope for the market of "Uptober". Coinbase analysts David Duong and David Han also said in a report that the market still shows bullish sentiment from the perspective of Bitcoin contract funding rates. The report also highlights that overall economic factors affecting crypto market performance are shifting from monetary policy to the outcome of the U.S. election. In addition, the report pointed out that China’s financial policy press conference at 10 o’clock this morning may indirectly affect the cryptocurrency market, especially when many asset markets are closed for holidays: The crypto market may be used to express concerns about the scale of fiscal policy. and alternative ways of influencing perceptions. Related reports Bitwise: Bitcoin’s “three conditions” exceeded 80,000 mg by the end of the year, and altcoins became an accelerator. Is the fall over? Bitcoin rebounded rapidly after 59,000 pins were inserted, and CPI and employment data worsened again. U.S. stocks fell after waiting for 6 years! Stripe returns to "cryptocurrency payment" to support USDC stablecoin: supports more than 150 countries "V transfer! Bitcoin rushes to 63,000, Ethereum grabs 2,500 US dollars, the situation between China and the United States becomes the key to "Uptober"" This article was first published in BlockTempo (DongZuDongCha-the most influential blockchain news media).

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