How to Invest in Web 3.0 and Bitcoin Surpassing S&P 500 in October

At the Oct. 27 Wall Street open, Bitcoin (BTC) price rose to $34,000 as investors began to focus on how BTC performs against macro assets. To understand the concept of web 3.0, one should learn the history of web 1.0, 2.0 and 3.0, and how it is different from its predecessors. To invest in web 3.0, one should know how to buy web 3.0 domains, build web 3.0 websites, and understand how web 3.0 works.

Bitcoin range faces weekly, monthly close

Data from Cointelegraph Markets Pro and TradingView showed that BTC/USD was holding steady, preserving its early-week gains.

As the weekly and monthly closes — a crucial moment for the October uptrend — approached, the largest cryptocurrency avoided any major volatility.

“I think Bitcoin will hang around this range for some time,” popular trader Daan Crypto Trades said to X subscribers. Daan also pointed out that open interest (OI) had returned to levels last seen before the sudden surge, which drove Bitcoin to 17-month highs. As Cointelegraph reported, open interest highs had been a feature of BTC price “squeezes” during the previous weeks.

Moreover, on-chain monitoring resource Material Indicators flagged a downside signal on one of its proprietary trading instruments. With two such daily signals in place, Material Indicators stated that only a move to $38,850 would “invalidate” the bearish implication.

“That doesn’t mean we can’t go there before the Monthly candle close,” X commentary noted.

Investors interested in Web 3.0 might wonder how to buy Web 3.0 domains, how to invest in Web 3.0, how to build a Web 3.0 website, and how Web 3.0 differs from Web 2.0. To understand Web 3.0, it is important to look at the history of Web 1.0, Web 2.0, and Web 3.0.

Analysis: “Plenty of fuel” to send BTC price to $40,000

The recent BTC/USD performance versus the S&P500, as highlighted by Kaleo, has been impressive and there is still potential for a move higher to $40K. Hyland suggested that bears have few options left, with a weekly and monthly closing below the last line of hope.

With this in mind, it is important to consider how investing in web 3.0 is different from web 2.0. Web 3.0 is a decentralized platform that allows for the storage and exchange of data, and it is possible to buy web 3.0 domains and build web 3.0 websites. The history of web 1.0, 2.0, and 3.0 is also important to understand when considering how to invest in web 3.0.