Bitcoin charges toward $64K as Tesla ATH boosts Elon Musk to $250B net worth

Bitcoin charges toward $64K as Tesla ATH boosts Elon Musk to $250B net worth


Bitcoin (BTC) price hurtled towards $64,000 in a fresh round of bullishness on Oct. 25 as the market left a weak weekend behind.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Bitcoin daily gains near 7%

Data from Cointelegraph Markets Pro and TradingView confirmed solid 6.5% gains for BTC/USD in the past 24 hours to 4pm UTC Monday.

The pair erased its previous losses, these coming as part of a comedown from new all-time highs seen on Oct. 25.

As has become customary this month, Bitcoin began rising into the start of trading on United States stock markets, with $64,000 being the next level to reclaim at the time of writing.

With $60,000 seemingly retained as support, the mood among analysts has stayed more than optimistic.

For Cointelegraph contributor Michaël van de Poppe, any levels above $57,000 remained acceptable for BTC/USD.

“…I think we’re just going to have a consolidatory period or continue the momentum with some slight sideways action before we’re going to break back up towards $91,000,” he summarized in his latest YouTube update.

Tesla beats Facebook to top 5 US stocks

Bitcoin was not the solitary gainer for the day. Tesla ($TSLA) also saw an impressive performance as the stock hit a new all-time high and now aims for $1,000.

Related: BTC price ‘on the way to $90K’ — 5 things to watch in Bitcoin this week

Tesla CEO, Elon Musk, likewise saw his personal wealth hit an eye-watering $250 billion as he reconfirmed his BTC holdings.

$TSLA 1-day candle chart. Source: TradingView

Tesla meanwhile outmaneuvered Facebook to become the fifth-biggest U.S. stock.