17:06 · 15 October 2024

Bitcoin erased earlier gains and tests 66000

Bitcoin surged to nearly $68 000 today, reaching its highest level since late July. However, we are witnessing a reaction to resistance at the upper boundary of a descending trend channel. Bitcoin is currently retracing to around $66 000, near its late-September highs.

The previous rally was linked to increasing odds of a Trump victory in the presidential election, which is now just three weeks away. PredictIt puts the probability of a Trump win at 54%, while Polymarket indicates nearly 57%. The likelihood of the Republican Party taking full control of Congress is also growing, which could result in favorable outcomes for the cryptocurrency market. Some speculate that the lack of additional stimulus measures for the Chinese economy is causing investors to withdraw funds from China-related assets and reallocate them to the cryptocurrency market.

Nevertheless, we are currently seeing profit-taking, which coincides with a pronounced pullback in the US equity market.

26 August 2026, 14:18

Crypto news: Will the Bitcoin bull market make a lasting comeback?

25 August 2026, 18:59

Daily Summary: Wall Street catches breath on lower yields and oil; crypto and FX volatility drops (25.08.2026)

25 August 2026, 06:31

Morning Wrap: Strong Crypto, Weaker Nasdaq and Another Chapter in the US–Canada Trade War

21 August 2026, 13:11

Bitcoin gains 7% and tests $80k 🔼 What does technical analysis suggest?

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.