On the night of October 29 and early October 30, Bitcoin continued its strong upward momentum, quickly surpassing the $72,000 and $73,000 levels, temporarily peaking at $73,544.

Bitcoin’s growth in October 2024 has been fueled by several positive factors, ranging from macroeconomic influences like the Fed’s first interest rate cut in four years and China’s economic stimulus policies to the surging demand from Bitcoin ETF Spot.