Bitcoin advances toward $60K, climbing 18% in Q4 so far

Bitcoin (BTC-USD +2.7%) continues to march higher towards $60K after wrapping up Q3 on a strong note amid bullish investor sentiment. So far in Q4, the world's largest digital token by market cap climbs 18%, and the second largest cryptocurrency, ethereum (ETH-USD +0.9%), also gains 6.6%, according to the chart below. Last week, bitcoin (BTC-USD) had one of its best weeks in months even with regulatory scrutiny narrowing in on the crypto market, "but it's quickly recovered and continued this incredible rally," TD Ameritrade Chief Market Strategist JJ Kinahan told Bloomberg. Some alt coins in the crypto universe are making pronounced moves to the upside including JasmyCoin, an ethereum-based token that has surged from just above 1 cent on Oct 6 to nearly 9 cents on Monday, according to data from CoinMarketCap. Shiba Inu (SHIB-USD +13.1%), a meme-like alt coin, is also surging on Monday, though its market cap fell