Bitcoin - Review from 23.10.2024

Financial and commodity markets analytics


The inflow of funds into ETFs traded on the US market has turned purely negative for the first time in two weeks. A decrease in market participants' interest is noted against the backdrop of a local lowering of bitcoin quotes. The price has gone down and the market is trying to consolidate below the $66,500 mark. Additional pressure on the cryptocurrency is provided by interest in protective assets and the overall strengthening of the US dollar in anticipation of the country's presidential elections, which will take place in the United States on November 5.