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


The price of Bitcoin (BTC) rushed to $ 64,000 in a recent return on October 25, as the market left behind a weak weekend.

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

Bitcoin earns about 7% daily

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

The pair eliminated their previous losses, these coming as part of a drop in new all-time highs seen on October 25th.

As usual this month, Bitcoin began to rise to the start of trading on U.S. stock markets, with $ 64,000 being the next level to pick up at the time of writing.

With $ 60,000 apparently kept as support, the mood among analysts remained more than optimistic.

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

“… I think we’ll just have a consolidation period or continue the momentum with a bit of sideways action before we split to $ 91,000,” he summed up in his latest. YouTube update.

Tesla beats Facebook to outperform 5 US stocks

Bitcoin was not the lone winner for the day. Tesla ($ TSLA) has also seen impressive performance as shares have reached a new all-time high and are now targeting $ 1,000.

Related: BTC price ‘on track to $ 90K’ – 5 things to watch in Bitcoin this week

Tesla CEO Elon Musk also saw his personal wealth hit a staggering $ 250 billion while he reconfirmed his BTC holdings.

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$ TSLA 1-day candle chart. Source: TradingView

Tesla meanwhile surpassed Facebook to become the fifth largest U.S. stock.