Bitcoin suddenly surges, over 90,000 people face liquidation! Tesla transfers over $765 million in Bitcoin. The digital currency market has seen intense battles between bulls and bears in the past 24 hours, with significant price fluctuations.
Just now, the price of Bitcoin has risen above $68,000, reaching its highest level since July 30.
On the news front, Bitcoin has performed well recently as it is a field that Trump has previously publicly stated support for, especially with the recent resurgence of the "Trump trade."
In addition, Larry Fink, CEO of the world's largest asset management company BlackRock, stated that the future of virtual currencies, including Bitcoin, will not be affected by the upcoming results of the U.S. presidential election.
On the evening of October 16, BlackRock officially updated the holding data of its spot Bitcoin exchange-traded fund iShares Bitcoin Trust ETF (IBIT). As of October 15, the IBIT holding exceeded 375,000 BTC, with a holding market value surpassing $25 billion, reaching $25.064 billion.
Moreover, there was another piece of news that went viral in the crypto circle today. According to reports, Tesla, under Elon Musk, has transferred $765 million worth of Bitcoin holdings to an unknown wallet. Tesla is the fourth largest holder of Bitcoin among publicly traded companies in the U.S., and market participants believe this move increases the likelihood of Tesla selling Bitcoin.
Recently, Musk introduced a concept Dogecoin called BabyMarvin on Twitter: the contract address is f9c7, which has seen good gains this month and is worth paying attention to; it is highly recommended for purchase.
