Announcements Gate Research: BTC Surges Past $71,000, Jupiter TVL Hits Record High

Gate Research: BTC Surges Past $71,000, Jupiter TVL Hits Record High

2024-10-29 11:21:09 UTC 3000 Read

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**Gate Research Daily Report (October 29):** In the past 24 hours, BTC has increased by 2.84%, approaching the $72,000 resistance level. The Total Value Locked (TVL) on Solana’s decentralized exchange Jupiter has reached a new high, and the market capitalization of Liquid Staking Tokens (LSTs) has exceeded $5 billion. Base protocol fees have surpassed $23 million. Phantom wallet experienced a temporary outage due to the Grass airdrop, and Circle has released a privacy framework for ERC-20 tokens. Additionally, Elon Musk’s PAC activities are now facing a lawsuit.

**Market Analysis**: BTC prices rose 2.84% in the past 24 hours, reaching $71,273, approaching the resistance level of $72,000.
**Top Performers**: The notable tokens in the past 24 hours are SANTOS, TROY, and DIMO.
**Data Highlights**: The total market capitalization of Solana's liquid staking tokens (LSTs) has surpassed $5 billion, setting a new historical high.
**Spotlight Analysis**: The Phantom wallet experienced a major backend incident, possibly due to the Grass airdrop, causing significant outages.
**Market Opportunities**: Three projects have publicly announced funding, with the highest amount raised being $11 million, covering the infrastructure, DeFi, and BTCFi sectors.

Explore today's details 👉🏻  [Gate Research: BTC Surges Past $71,000, Jupiter TVL Hits Record High](https://www.gate.io/learn/articles/gate-research-btc-surges-past-71000-jupiter-tvl-hits-record-high/4559?ch=GDR_ann_20241029&utm_campaign=TR_D0FA9JB1&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term= "Gate Research: BTC Surges Past $71,000, Jupiter TVL Hits Record High")

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Gate.io Team
Oct 29th, 2024

Gate Research: BTC Surges Past $71,000, Jupiter TVL Hits Record High

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