Bitcoin charges toward $64K as Tesla ATH boosts Elon Musk to $250B net worth
Bitcoin (BTC) price hurtled towards $64,000 in a fresh round of bullishness on Oct. 25 as the market left a weak weekend behind.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin daily gains near 7%
Data from Cointelegraph Markets Pro and TradingView confirmed solid 6.5% gains for BTC/USD in the past 24 hours to 4pm UTC Monday.
The pair erased its previous losses, these coming as part of a comedown from new all-time highs seen on Oct. 25.
As has become customary this month, Bitcoin began rising into the start of trading on United States stock markets, with $64,000 being the next level to reclaim at the time of writing.
With $60,000 seemingly retained as support, the mood among analysts has stayed more than optimistic.
Looks like #BTC has successfully retested the green area as support$BTC #Crypto #Bitcoin https://t.co/Wr5ojGrSIb pic.twitter.com/ByFllf0wbA
— Rekt Capital (@rektcapital) October 25, 2021
For Cointelegraph contributor Michaël van de Poppe, any levels above $57,000 remained acceptable for BTC/USD.
“…I think we’re just going to have a consolidatory period or continue the momentum with some slight sideways action before we’re going to break back up towards $91,000,” he summarized in his latest YouTube update.
Tesla beats Facebook to top 5 US stocks
Bitcoin was not the solitary gainer for the day. Tesla ($TSLA) also saw an impressive performance as the stock hit a new all-time high and now aims for $1,000.
Related: BTC price ‘on the way to $90K’ — 5 things to watch in Bitcoin this week
Tesla CEO, Elon Musk, likewise saw his personal wealth hit an eye-watering $250 billion as he reconfirmed his BTC holdings.
$TSLA 1-day candle chart. Source: TradingView
Tesla meanwhile outmaneuvered Facebook to become the fifth-biggest U.S. stock.