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

The Bitcoin (BTC), price soared to $64,000 on Oct. 25, as the market left behind a weak weekend.

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

Bitcoin gains daily near 7%

Cointelegraph Markets Pro and TradingView data confirmed that BTC/USD gained 6.5% in the last 24 hours, up to Monday at 4 p.m. UTC.

The pair has erased all its losses. These were part of a decline from the Oct. 25 new all-time highs.

Bitcoin rose to the point of being traded on the stock market in the United States, as is becoming customary every month. The next level of trading was $64,000 at the time this article was written.

Analysts remain more optimistic than ever with $60,000 being retained as support.

Looks like #BTC has successfully retested the green area as support$BTC #Crypto #Bitcoin https://t.co/Wr5ojGrSIb pic.twitter.com/ByFllf0wbA
— Rekt Capital (@rektcapital) October 25, 2021

Michael van de Poppe (Cointelegraph contributor) said that any level above $57,000 was acceptable for BTC/USD.

“… I think we’re only going to have a consolidatory or continue the momentum, with some slight sideways actions before we break back down towards $91,000,” he stated in his most recent YouTube update.

Tesla surpasses Facebook in top 5 US stocks

The day’s biggest gainer was not Bitcoin. Tesla ($TSLA), also had an impressive day. The stock reached a new record high and now targets $1,000.

Related: Bitcoin price on the rise – 5 Things to Watch in Bitcoin This Week

Elon Musk, Tesla CEO, saw his personal wealth reach an eye-watering $250 Billion as he confirmed his BTC holdings.

$TSLA 1-day candle graph. Source: TradingView

Tesla, however, outperformed Facebook to become America’s fifth-largest stock.

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Eileen Wilson

Eileen Wilson –Technology and Energy My Name is Eileen Wilson with more than 5 years of experience in the Stock market industry, I am energetic about Technology news, started my career as an author then, later climbing my way up towards success into senior positions. I can consider myself as the backbone behind the success and growth of topmagazinewire.com with a dream to expand the reach out of the industry on a global scale. I am also a contributor and an editor of the Technology and Energy category. I experienced a critical analysis of companies and extracted the most noteworthy information for our vibrant investor network.

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