Bitcoin charges toward $64K as Tesla ATH boosts Elon Musk to $250B net worth

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Tesla banal nears $1,000 for the archetypal clip arsenic a resurgent Bitcoin completes its little enactment retest and aims for $64,000.

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Bitcoin charges toward $64K arsenic  Tesla ATH boosts Elon Musk to $250B nett  worth

Bitcoin (BTC) terms hurtled towards $64,000 successful a caller circular of bullishness connected Oct. 25 arsenic the marketplace near a anemic play behind.

BTC/USD 1-hour candle illustration (Bitstamp). Source: TradingView

Bitcoin regular gains adjacent 7%

Data from Cointelegraph Markets Pro and TradingView confirmed coagulated 6.5% gains for BTC/USD successful the past 24 hours to 4pm UTC Monday.

The brace erased its erstwhile losses, these coming arsenic portion of a comedown from caller all-time highs seen connected Oct. 25.

As has go customary this month, Bitcoin began rising into the commencement of trading connected United States banal markets, with $64,000 being the adjacent level to reclaim astatine the clip of writing.

With $60,000 seemingly retained arsenic support, the temper among analysts has stayed much than optimistic.

Looks similar #BTC has successfully retested the greenish country arsenic support$BTC #Crypto #Bitcoin

— Rekt Capital (@rektcapital) October 25, 2021

For Cointelegraph contributor Michaël van de Poppe, immoderate levels supra $57,000 remained acceptable for BTC/USD.

"...I deliberation we're conscionable going to person a consolidatory play oregon proceed the momentum with immoderate flimsy sideways enactment earlier we're going to interruption backmost up towards $91,000," helium summarized successful his latest YouTube update.

Tesla beats Facebook to apical 5 US stocks

Bitcoin was not the solitary gainer for the day. Tesla ($TSLA) besides saw an awesome show arsenic the banal deed a caller all-time precocious and present aims for $1,000.

Related: BTC terms ‘on the mode to $90K’ — 5 things to ticker successful Bitcoin this week

Tesla CEO, Elon Musk, likewise saw his idiosyncratic wealthiness deed an eye-watering $250 cardinal arsenic helium reconfirmed his BTC holdings.

$TSLA 1-day candle chart. Source: TradingView

Tesla meantime outmaneuvered Facebook to go the fifth-biggest U.S. stock.

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