October 24th Cryptocurrency Market

- **Bitcoin (BTC)**: Bitcoin's price increased by 0.41% during the day, reaching $66,940, showing a consolidation trend. Although market sentiment is relatively optimistic for buying, the price has not effectively broken through the resistance level of $67,000. In the short term, the price is stable above $65,800, with some analysts suggesting support levels between $62,000 and $63,500.

- **Ethereum (ETH)**: ETH's market performance is relatively weak, with the ETH/BTC exchange rate hitting a new low since April 2021. There are even rumors in the market that the ETH Foundation continues to sell ETH. However, the specific price trend and current sentiment need to be confirmed with more real-time data.

- **Market Sentiment and Analysis**: Despite poor performance in the US stock market affecting the overall sentiment in the cryptocurrency market, certain individual projects like SOL (Solana) have risen against the trend. Market analysis indicates that although there is pressure for a pullback, the bullish trend remains relatively strong in the short term, especially for some popular tokens.

- **Policy and Macroeconomic Environment**: Reports suggest that the US Congress may pass cryptocurrency-related legislation by the end of the year, which could impact market sentiment and investor confidence. Additionally, the analysis firm Bernstein has provided an optimistic forecast for Bitcoin's future price, suggesting that BTC could reach $200,000 by the end of 2025.

In summary, as of October 24th, the cryptocurrency market presents a complex situation: on one hand, mainstream currencies like BTC and ETH are seeking direction amidst volatility; on the other hand, the market is sensitive to policy changes and macroeconomic conditions. Investors in this environment need to pay attention to technical support and resistance levels while also keeping a close watch on policy and external environmental changes.