Bitcoin Price Hits $66,500 High

- Bitcoin hit $66,500 late on Oct. 14, its highest level since late September, according to CoinGecko. However, resistance sent the price tumbling back to $65,400 on Tuesday morning in Asia.

- CryptoQuant CEO Ki Young Ju said that “clear demand” for Bitcoin has returned to March and April highs. This indicates an increase in demand as supply decreases.

- October, often referred to as “Uptober,” has brought optimism to the Bitcoin market. The Fear and Greed Index has turned “greed” at 65.

- BlackRock CEO Larry Fink predicts that Bitcoin could be as big as the $50 trillion U.S. housing market.

- Metaplanet, known as the MicroStrategy of Asia, bought another 107 BTC, bringing its total to 855.4 BTC, worth about $56 million.

🚀 Bitcoin is on a strong upward trend!