On October 21, 2024, Bitcoin (BTC) briefly surpassed $69,000, before stabilizing around $68,350. This spike in Bitcoin's price contributed to an overall increase in the cryptocurrency market, with other assets like Solana (SOL) climbing nearly 5%. Market participants are now closely watching the upcoming U.S. election, with Donald Trump, a pro-crypto candidate, predicted to have a favorable outcome. Recent activities also saw ApeCoin (APE) rise above $1.50, coinciding with the launch of the ApeChain, which offers staking yields for users transferring to the new network. Meanwhile, traditional finance is pushing toward tokenization, highlighted by Legal & General’s exploration of digitizing its funds, following BlackRock’s entry into the market. In a related note, gold prices hit a new all-time high of $2,736 per ounce, indicating a potential shift to risk-on assets like Bitcoin as investors seek alternatives to lower treasury yields. This backdrop positions BTC and other cryptocurrencies favorably amidst evolving market dynamics.

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