Bitcoin (BTC) surged back to $67,000 after the release of subdued U.S. economic data on October 24, 2024. Reports from the Federal Reserve's Beige Book indicated weak economic activity across most regions, which may have influenced market sentiment. BTC's recent trading pattern hovered around this price level with a modest 0.75% rise over the previous day. The broader cryptocurrency market, represented by the CoinDesk 20 Index, increased by 0.4%. Data from Glassnode and Bitwise showed that large holders are accumulating BTC, while retail accumulation has slowed, suggesting varied confidence levels among investors. Additionally, the Solana ecosystem witnessed a significant rise, with SOL prices climbing 14% and new token creations surging on its platform, enhancing trading activity. Both Bitcoin and gold volatility indices remain subdued as traders anticipate stability leading up to the U.S. elections.

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