Bitcoin tops $70,000 for first time since June as US election nears
Tuesday, 29 October 2024 Bitcoin surged past $70,000, driven by inflows into ETFs and election-related speculation. Anticipations of a Trump victory, favorable to digital assets, and elevated implied volatility ahead of the US election have boosted Bitcoin. Traders are betting it could reach $80,000 by November's end, supported by strong ETF inflows and a 66% rise in 2024.
Bitcoin hit a new all-time high of $89,993 with the Trump Pump US election victory in full effect as the king crypto (BTC) sets its path to reach $850,000, according to Bitcoin OG Adam Back.
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Tuesday, 29 October 2024
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