Bitcoin reaches $68k, up 10% in a week, driving crypto and stock market rally

From Nasdaq

October 17, 2024 11:08 AM:

Bitcoin’s price hits $68,000, highest since July, up 10% in a week, trading at $68,300. Ethereum rises 7%. Solana and Dogecoin see over 10% increase. Crypto prices follow U.S. equities with S&P 500 and Dow Jones at record highs.

October is “Uptober” for crypto. Bitcoin gains 52% YTD, outperforming S&P 500. Coinbase stock rises 14% in 5 days. $60 billion are invested in Bitcoin ETFs. Analysts rate Coinbase as a Moderate Buy with a $258.17 price target (26.26% upside potential).

Coinbase Global stock receives a consensus Moderate Buy rating with 15 Wall Street analysts, including seven Buy, seven Hold, and one Sell recommendations in the last quarter. The average price target is $258.17, implying a 26.26% upside from current levels.

Read more at NASDAQ.: Cryptocurrencies Rally Alongside Stocks as Bitcoin (BTC-USD) Tops $68K