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Bitcoin traded in the green Thursday after Tesla Inc.&#8217;s TSLA searing rally lifted stocks out of losses.&nbsp;



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 9:30 p.m. EDT)</td></tr><tr><td>Bitcoin BTC/USD</td><td>+1.13%</td><td>$67,956.29</td></tr><tr><td>Ethereum ETH/USD &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-0.66%</td><td>$2,525.51</td></tr><tr><td>Dogecoin DOGE/USD&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-1.46%</td><td>$0.14</td></tr></tbody></table></figure>



What Happened: Bitcoin sailed to an intraday high of $68,693 during U.S. evening hours before dipping below $68,000 on profit-taking.&nbsp;



The world's largest cryptocurrency took a sharp U-turn after clinching $69,000 earlier this week. Its October gains stood at 7% as of this writing, well below the historical average of 21.57%.



Ethereum failed to rise, wobbling in the $2,500 range throughout the day.



Total cryptocurrency liquidations breached $104 million in the last 24 hours, with long liquidations accounting for half of them.



Bitcoin's Open Interest rose marginally by 0.05% in the 24 hours. Interestingly, most institutional investors and top traders on Binance bet against the cryptocurrency, as per the Long/Shorts Ratio.



Market sentiment remained in the "Greed" zone, according to the Cryptocurrency Fear &amp; Greed Index, implying a bullish sentiment



Top Gainers (24-Hours)



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 9:30 p.m. EDT)</td></tr><tr><td>Cat In A Dogs World (MEW)</td><td>+18.18%</td><td>$0.01125</td></tr><tr><td>Pyth Network (PYTH)</td><td>+10.91%</td><td>$0.3869</td></tr><tr><td>Raydium (RAY)</td><td>+8.94%</td><td>$2.93</td></tr></tbody></table></figure>



The global cryptocurrency stood at $2.33 trillion, increasing by 2.05% in the last 24 hours.



Stocks made a strong comeback Thursday The S&amp;P 500 rose 0.21% to end at 5,809.86, snapping a three-day losing streak. The tech-focused Nasdaq Composite gained 0.76% to close at 18,415.49.&nbsp;



On the flip side, the Dow Jones Industrial Average recorded its fourth straight day of losses, closing 0.33% lower at 42,374.36.



The rally was bolstered by a massive 22% jump in shares of electric vehicle giant Tesla after it reported <a href="https://www.benzinga.com/news/earnings/24/10/41501607/tesla-q3-earnings-highlights-eps-beat-revenue-miss-shares-climb-on-2025-timeline-for-lower-cost-evs">higher-than-expected third-quarter earnings</a>. Thursday marked the company's best day since 2013.&nbsp;



Additionally, the benchmark 10-year Treasury yield dropped below 4.20%, a reversal from the three-month highs earlier this week.



See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>



Analyst Notes: Popular cryptocurrency analyst and trader Rekt Capital said that a weekly close above $67,900 would be the most bullish outcome for Bitcoin under present conditions.



The analyst repeated his previous stance of a "successful retest."



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Promising signs of a successful retest thus far What would be the most bullish outcome for this upcoming Weekly Close? A Weekly Close above ~$67900 which is the very top of the previous resistance BTC is only ~$400 away from that key price point<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/lxtilneXsY">https://t.co/lxtilneXsY</a> <a href="https://t.co/SapDV4WMtq">pic.twitter.com/SapDV4WMtq</a>&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1849435499871576243?ref_src=twsrc%5Etfw">October 24, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



A widely followed cryptocurrency trader known by the moniker Nihilus disputed predictions of a new Bitcoin low, instead predicting a retreat before a climb to new highs.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> &#x7C; Update Everyone believes a new low is coming, but I think there will be one more pullback before the journey to a new all-time high begins. <a href="https://t.co/10tenQYIuP">pic.twitter.com/10tenQYIuP</a>&mdash; Nihilus (@nihilus_XBT) <a href="https://twitter.com/nihilus_XBT/status/1849465047589818397?ref_src=twsrc%5Etfw">October 24, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



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Bitcoin traded in the green Thursday after Tesla Inc.&#8217;s (NASDAQ:TSLA) searing rally lifted stocks out of losses.&nbsp;

Bitcoin Gains, Ethereum, Dogecoin Muted Amid Tesla-Powered Stocks Rally: Analyst Highlights 'Most Bullish Outcome' For King Crypto In The Short Term - Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

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Bitcoin traded in the green Thursday after Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) searing rally lifted stocks out of losses.&nbsp;

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