According to OKX market data, Bitcoin briefly broke through $35,000 and is currently priced at $34,838, with a 24-hour increase of 3.6%.

According to OKX market data on October 25th, Bitcoin rebounded above $34,000 and is currently priced at $34,063.36, with a 24-hour increase of 9.89%.

Stock code IBTC for the BlackRock Bitcoin ETF has been removed from the DTCC website. Cryptocurrency industry expert Gabor Gurbacs explained that it is obvious that certain things can be done in advance (but maybe shouldn't be). In this case, it would be more prudent to verify with regulatory agencies in advance.

According to an interview with Ricardo Salinas Pliego, the third richest man in Mexico and chairman of Grupo Salinas, he discussed the impact of Bitcoin on the economy, especially in Latin America. He said, "Around the world, not just in Mexico or Latin America, we see an increase in inflation tax, which means that people's savings are taken away without their permission, which is very sad, especially for those who rely on this money for retirement. So Bitcoin is a way to prevent this from happening because it will not depreciate." He added, "The importance of Bitcoin lies in its resistance to taxes and many other aspects, but it is specifically applicable to economies with malignant inflation, of which there are several in Latin America." 

Glassnode data shows that as of October 23, more than 80% of Bitcoin addresses are now in a state of profit.

On October 24th, K33 Research senior analyst Vetle Lunde stated that CME Bitcoin futures added a net increase of 4380 BTC in open interest yesterday, bringing the platform's total Bitcoin futures open interest to a new high of 100,375 BTC. Additionally, CME's market share in the Bitcoin derivatives market has risen to 25%, approaching Binance's 29% market share.

Bitcoin reached 17-month highs on October 24th due to the excitement around the potential launch of a Bitcoin spot price ETF in the United States. While no official green light has been given, the event is increasingly viewed as a matter of time. Public Bitcoin ETFs worldwide saw the equivalent of 10% of the year-to-date total in inflows over a single 24-hour period. Despite the highs, some traders remain cautious and believe that Bitcoin could nuke lower in Q1 2024 based on the timing of previous price cycles.

October 24th, Bitcoin mining company Crusoe Energy announced that it has received a $200 million asset-backed financing commitment from investment firm Upper90. The funds raised will be specifically used to purchase more GPUs (Nvidia H100 Tensor Core GPUs) to expand their cloud business.

According to trader Dave the Wave, who accurately predicted Bitcoin's May 2021 crash, the cryptocurrency is now in a position to start a new uptrend. Dave the Wave notes that Bitcoin's weekly moving average convergence divergence (MACD) indicator has turned bullish at the zero level, indicating that BTC may be gaining momentum. He also predicts that Bitcoin will rise above the 200-month moving average and rally above the "buy zone" of his logarithmic growth curve model. Additionally, Dave the Wave is keeping an eye on the price action of the decentralized oracle Chainlink, which he believes has the potential to revisit its all-time high.

Bitcoin's price has broken out and reached as high as $35k in the past 24 hours, with the uptick in bullish momentum and high demand from institutional investors contributing to the spike. The majority of Bitcoin short traders were liquidated, leading to a sudden short squeeze.