CandleFocus Analysis Firm QCP Capital Shares What They Expect for Bitcoin (BTC) Price as US Elections Approach!
2024-10-29
Author: Content Editor
Bitcoin has seen a 4% surge in the past 24 hours, surpassing $71,000 as the US elections approach. Analysts from QCP Capital in Singapore have evaluated the market and attribute the rise in Bitcoin to strong inflows in spot Bitcoin ETFs, worth $1 billion, and other factors. They also note that companies at the intersection of crypto and artificial intelligence are benefiting from the rise. The analysts suggest that the increasing likelihood of Donald Trump's victory is another factor supporting the rise in Bitcoin. They predict that if Bitcoin remains above $70,000 this week, it could reach all-time high levels.
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