Bitcoin 
$106,264.64 price At the time of writing, it reclaimed $108,000 and triggered some recovery in altcoins. While negotiations with China continue, no result has been achieved yet. However, it is certain that Trump is more moderate and constructive than the previous week. So which altcoins did today’s BTC rise support?
Bitcoin Rise
BTC price It recovered quickly from 106 thousand dollars, especially in the last hour. Bitcoin, which had a sudden rise and fall of $2,000 on the 15-minute chart, is now stalling above $108,000. There is only a short time left until November 1, and after mutual showdowns, China and the USA will activate their retaliation on this date. Investors are eagerly waiting to see what the outcome of the ongoing negotiation process will be until the deadline.
On the daily chart, especially closings above $ 108,500 may be motivating for a return above $ 117 thousand. A good start to the week is possible as we move towards the CME opening. Thanks to the rise in the last hour, a short position of $ 16 million was liquidated.
Altcoins, Cryptocurrencies
The lion’s share of liquidations occurred in the last hour Ethereum (ETH) 
$3,859.56‘reputation. The altcoin king is at $3,936 and is about to regain the $4,000 threshold again. We saw that the decline following the Chinese move brought about a rapid recovery followed by gradual sales. This pushed investors to be more cautious. Therefore, continued closes above the BTC price of $ 108 thousand may reveal more demand in altcoins and multiply the gains.
top 100 cryptocurrency The altcoin that gained the most was MORPHO and increased by 7 percent. TAO, SUI, PENGUENA, CRV, IMX also follow them. This indicates that the relevant altcoins are likely to bring more profits than others in a scenario where the rise accelerates.
Volumes have still not recovered significantly and the desired clarifications have not yet been received in the negotiations with China. This indicates the potential for a larger rise to be experienced or to be experienced to turn into a trap again. It is important for investors to pay attention to key support levels and stop points in their short-term strategies.
