Bitcoin marks a new ATH after sudden $2,000 gains 

Following the reporting of the United States inflation hitting a 30-year high in October by the Wall Street Journal, the Bitcoin price pumped up surprisingly. BTC amazed everyone today once again by jumping to a new all-time high of $69,000 after a sudden surge of $2,000 in just 45 minutes.

Bitcoin is “relentlessly up”

As per the data by TradingView, the king coin rose by $2,000 in 45 minutes which is clearly visible through a huge green candle in the hourly chart. We can see from TheCoinRise latest reports that BTC has reversed its minor downside movement and now breached its previous ATH at $68,500. 

The significant psychological mark of $70,000 is the next target for the bulls who believed that any correction would lead to a fresh ATH. 

The famous crypto trader Pentoshi tweeted, “Relentlessly up.” 

As different charts indicate that the king coin is in price discovery mode, many are saying that the $40,000 level was probably the “last dip ever.”

BTC has been up by around 10% in the last seven days and is currently trading around $68,000 zone. The market capitalization has increased by 1.9% in the last 24 hours.

ETH follows BTC moves with a fresh ATH

Ethereum, the largest altcoin, religiously copied the moves of Bitcoin by reversing its downward-sloping stance. Binance Coin (BNB) and Ripple (XRP) were also not behind.

ETH/USDT followed BTC to find a fresh ATH of $4,868 while eyeing the $5,000 mark. ETH is currently dancing around the $4,750 zone.

The bullish rally started with the beginning of “Uptober,” after which BTC went straight up by 40% in 30 days. Currently, as the “Moonember” has started showing its moves, the market speculators are aiming for a $100,000 zone for the king coin.