Bitcoin prices surge past $71,000 amid speculation around US election
US elections, Bitcoin prices have climbed over the $71,000 mark for the first time since June. The digital currency increased by more than 2%, reaching $71,310 while other cryptocurrencies, such as Ether and Dogecoin, also saw gains of about 4%.
Bitcoin is often linked to Donald Trump’s campaign because he has been vocal about supporting digital assets and even vowed to make the US the crypto capital of the planet while Kamala Harris has called for a regulatory framework for digital assets.
Trump is currently leading in prediction markets, while polls show a close race with Democratic candidate Vice President Kamala Harris. Volatility is expected to be high around Election Day on November 5th.
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View Details»“Supported by strong ETF inflows and positive market sentiment ahead of the U.S. presidential election, BTC saw a one-day increase of over 5%. The Iran-Israel conflict also contributed to the rally driving investors toward global assets. This rally has
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