Latest Price Movement in Crypto Markets

As of October 25, 2024, Bitcoin has slightly retracted, trading between $67,500 and $67,900. Despite this minor drop, Bitcoin remains over 1.2% higher over the last 24 hours, showcasing stronger performance when compared to Ethereum and Solana, which each rose about 0.75%.

The broader digital asset market, represented by the CoinDesk 20 Index, has climbed close to 0.8%. Unfortunately, Bitcoin could be ending the week over 1% lower, unable to maintain its momentum above $68,000 in recent days.

Microsoft and Cryptocurrency Proposal

The Microsoft board has advised shareholders to vote against a proposal suggesting an evaluation of Bitcoin as a potential hedge against inflation. In a recent SEC filing, the company argued that its existing treasury management processes suffice for long-term shareholder interests.

Balance's Milestone Achievement

George Bordianu, CEO of Balance, has announced that the company has officially gained qualified custodian status. This is a significant development for Canada’s crypto custodians as the firm endeavors to bring locally held ETF digital assets back to Canadian soil.

Market Performance Summary

• CoinDesk 20 Index: 2,081.93 (+0.82%)
• Bitcoin (BTC): $67,929.41 (+1.33%)
• Ether (ETH): $2,539.37 (+0.56%)

Conclusion

While Bitcoin experiences some fluctuation, its overall market performance continues to exhibit resilience compared to its peers.