Bitcoin

2024 - 10 - 29

Bitcoin Soars to New Heights—Is the Election the Secret Sauce?

Bitcoin - Bitcoin ETFs - Cryptocurrency - Investments - US Presidential Elections

Bitcoin just hit $72,000! Find out how elections, inflation, and ETFs are driving this crypto craze.

Bitcoin has just hit the $72,000 mark—its highest price in six months! What’s fueling this surge in the crypto world? Analysts are attributing this exciting rally to a trifecta of factors. Firstly, the upcoming U.S. presidential election is causing a stir, leading traders to speculate on how political shifts may impact the financial landscape. Historically, election periods have triggered bullish sentiments in the market, making this an exciting time for crypto enthusiasts.

In addition to the election excitement, rising inflation concerns are making folks flock to assets like Bitcoin. As mainstream investments feel the squeeze of inflation, investors see Bitcoin as a hedge against rising prices, helping to boost the cryptocurrency’s value. This shift in sentiment seems to be swaying more traders into the Bitcoin arena, pushing prices past the $71,500 mark just days before the elections.

Moreover, growing interest in Bitcoin-backed Exchange-Traded Funds (ETFs) is another key player in this upward trajectory. Institutional investment is no longer just a whisper in the crypto corridors; it’s turning into a shout! As more funds flow into these ETFs, Bitcoin benefits from increased legitimacy and demand, which propels its price higher.

So, will Bitcoin reach a new all-time high? Speculation suggests it’s just a stone’s throw away. As the election unfolds and inflation continues to be a hot topic, Bitcoin may just ride this wave further. For some fun facts, did you know that Bitcoin was invented in 2009 and has since soared from being valued at zero to now over $72,000? And don’t forget—during the last major U.S. election in 2020, Bitcoin climbed significantly as well, proving time and again that crypto isn’t just a currency; it’s a political barometer too!

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Image courtesy of "Forbes"

Bitcoin Tops $72000—A 6-Month High—As Election, Inflation ... (Forbes)

Bitcoin just hit its priciest level since the spring as several market conditions, including next week's U.S. presidential election, impact the $1.4 ...

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Image courtesy of "DL News"

Three factors driving Bitcoin's $71000 rally and what analysts say ... (DL News)

Bitcoin continues to rally as investors pile into the $1.4 trillion cryptocurrency. It's just 3% away from a new record after Bitcoin hit $71,500 on Tuesday ...

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Image courtesy of "Quartz"

Bitcoin passes $72000 and nears a new record as the presidential ... (Quartz)

This surge comes just a week before the U.S. elections, a period many traders perceive as bullish for the markets, regardless of the election outcome. Polls ...

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Image courtesy of "FXStreet"

Bitcoin rises above 70k – Will BTC reach a new ATH? (FXStreet)

Bitcoin rises to 4-month high of 71.5k. Rising expectations of a Trump victory boost BTC.

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Image courtesy of "CEO Today"

Bitcoin Surpasses $71000: Election Fuels Crypto Surge (CEO Today)

Bitcoin surges past $71000, driven by election speculation and ETF investments. Will political shifts reshape the crypto landscape?

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Image courtesy of "Livemint"

Bitcoin surpasses $71000 for first time since June; What's driving the ... (Livemint)

Bitcoin Price Today: Bitcoin surpassed $71000 for the first time since June, driven by investments in dedicated exchange-traded funds and speculation ...

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Image courtesy of "Yahoo Finance"

Bitcoin Leads Crypto Surge on Tuesday (Yahoo Finance)

Cryptocurrencies rallied on Tuesday as funds flowed into the industry rapidly again. The biggest tokens were the biggest beneficiaries with Bitcoin (CRYPTO: ...

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Image courtesy of "Yahoo Finance"

Bitcoin Price Tops $73000 Ahead of Election Day as Investors Flock ... (Yahoo Finance)

Bitcoin traded around $73000 Tuesday for the first time since March, gaining traction ahead of the U.S. presidential election as investors poured billions ...

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Image courtesy of "Coindesk"

Bitcoin Tops $73.5K, Climbing Just Shy of New Record High (Coindesk)

The largest crypto has extended its year-to-date gain to nearly 75% and has more than doubled from year-ago levels.

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Image courtesy of "PR Newswire UK"

Instacoins Announces Comprehensive Holiday Bonus Giveaway for ... (PR Newswire UK)

PRNewswire/ -- Instacoins, the established Bitcoin brokerage and cryptocurrency services platform, today announced the upcoming launch of its Holiday Bonus.

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Image courtesy of "FXStreet"

Has Bitcoin's rally just gotten started? (FXStreet)

For those new to our updates and as a reminder to regular readers, we have been bullish on Bitcoin (BTCUSD) since our first article on FXStreet was posted ...

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Image courtesy of "Yahoo Finance"

Bitcoin Is on the Cusp of Topping Record High Reached in March (Yahoo Finance)

(Bloomberg) -- A surge in Bitcoin has put the original cryptocurrency on the verge of topping a record high of almost $74000 reached in March.

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Image courtesy of "Bitcoin News"

Bitcoin Surpasses $72K Amid Surge in Global Trade Volume ... (Bitcoin News)

On Tuesday afternoon, bitcoin cracked past the $72K mark, inching closer to its all-time high in U.S. dollar terms.

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Image courtesy of "FXStreet"

Bitcoin set sight on new all-time high after briefly breaking past $73000 (FXStreet)

Bitcoin's ploy for a new all-time high follows Donald Trump's Polymarket odds on the 2024 election reaching new highs. Bitcoin (BTC) is trading around $72,200 ...

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Image courtesy of "The Crypto Times"

Bitcoin Price Reaches $73.5K Close to New Record High (The Crypto Times)

Bitcoin price nears its all-time high of $73800, driven by strong market indicators suggesting a new bull phase and potential record highs.

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Image courtesy of "FXStreet"

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC surges above ... (FXStreet)

Bitcoin (BTC) is trading above $72000 on Wednesday after successfully retesting its key support level, setting its sights on an all-time high in the short ...

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Image courtesy of "Quartz"

What will happen to Bitcoin if Donald Trump or Kamala Harris win ... (Quartz)

The leading cryptocurrency is approaching a new all-time high ahead of the U.S. presidential election.

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Image courtesy of "Barron's"

Bitcoin Close To Record As Cautious Markets Eye US Election (Barron's)

Bitcoin was close to $73000 in early Asian trade Wednesday, approaching a record high with investors keeping a cautious eye on the US presidential election.

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Image courtesy of "Yahoo Finance"

US Bitcoin ETFs Get Third-Highest Inflow With Token Near Record (Yahoo Finance)

(Bloomberg) -- US exchange-traded funds investing in Bitcoin saw an $870 million net inflow, their third-highest daily haul, as the digital asset flirts ...

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Image courtesy of "Coindesk"

Bitcoin ETFs Record $870M Inflows as BTC Flirts With Lifetime Highs (Coindesk)

BlackRock's IBIT recorded over $629 million in single-day inflows as the asset neared lifetime highs on Tuesday, ahead of next week's U.S. elections.

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Image courtesy of "Cointelegraph"

'FOMO confirmed' — BlackRock Bitcoin ETF clocks biggest trading ... (Cointelegraph)

BlackRock Bitcoin ETF saw its highest trading day since April 1, accounting for about 38% of the total trading volume among Bitcoin ETFs on Oct. 29.

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Image courtesy of "Kurdistan24"

Bitcoin: Leading digital cryptocurrency was close to $73.000 (Kurdistan24)

Investors are hoping a key political meeting in Beijing next week will unveil a major stimulus plan for the Chinese economy, which has struggled to recover ...

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Image courtesy of "Yahoo Finance"

Bitcoin Versus Gold: Which Should You Invest in? (Yahoo Finance)

Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds, and ETFs and how ...

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Image courtesy of "Business MattersBusiness Matters"

Bitcoin surges to $72000 as investors eye trump election prospects (Business MattersBusiness Matters)

Bitcoin reaches a six-month high of $72000 as investors speculate on Trump's presidential bid and pro-crypto promises. Discover how the election could ...

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Image courtesy of "Cointelegraph"

BTC price sets 68K euro all-time high as Bitcoin bulls eye gold next (Cointelegraph)

Bitcoin eyes gold as the euro becomes the latest currency to hit all-time lows in BTC price terms.

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Image courtesy of "Share Talk"

Vinanz Limited – Vinanz Diversifies High Speed Bitcoin Fleet to ... (Share Talk)

Vinanz Diversifies High Speed Bitcoin Fleet in Nebraska. First Canaan Avalon A1566 188 TH Miners Added to North American Fleet.

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Image courtesy of "London Loves Business"

Bitcoin holds above $71000 amid futures market rally, massive ... (London Loves Business)

Bitcoin continues its rally for the fourth consecutive day, hitting its highest level since early June, surpassing $71,500. This has supported the bullish ...

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Image courtesy of "FXStreet"

Bitcoin ETFs record $870M inflows as BTC flirts with lifetime highs (FXStreet)

US spot Bitcoin ETFs saw over $870 million in net inflows on Tuesday, with BlackRock's IBIT leading at $629 million.

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Image courtesy of "London Loves Business"

Bitcoin is rising - London Business News | Londonlovesbusiness.com (London Loves Business)

Bitcoin surprises investors by reaching an intraday high of nearly five months, boosted by speculation surrounding the US elections.

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Image courtesy of "Coindesk"

Bitcoin Approaches All-Time Highs as Daily OTC Desk Inflows Drop ... (Coindesk)

Over-the-counter desks hold 416000 bitcoin valued around $30 billion, a level that has remained stagnant for the past month.

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Image courtesy of "Coindesk"

First Mover Americas: Bitcoin Little Changed After Teasing All-Time ... (Coindesk)

The latest price moves in crypto markets in context for Oct. 30, 2024.

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Image courtesy of "Cointelegraph"

BlackRock Bitcoin ETF breaks $30B, US ETFs set to hit 1M BTC ... (Cointelegraph)

BlackRock's Bitcoin ETF has surpassed the $30 billion milestone less than a week ahead of the US elections.

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Image courtesy of "Fortune"

Bitcoin teases all-time high days from Presidential election (Fortune)

The currency last broke $73000 in March following the arrival of spot Bitcoin ETFs.

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