CandleFocus Bitcoin crosses $67k to hit 2-month high
2024-10-15
Author: Content Editor
Bitcoin surged to a two-month high, reaching just below $68,000, which led to over $300 million in crypto liquidations in the past 24 hours. The price hike was fueled by increased investor appetite as a result of a recent uptick in the U.S. stock market and reduced Federal Reserve funding rates. Additionally, spot Bitcoin ETFs in the United States saw the largest capital inflow in four months. Historically, Bitcoin performs well in the final quarter of the year and has experienced price boosts in previous pre-election cycles. Experts believe that a similar trend may occur with a pro-Bitcoin candidate leading the race in the U.S. presidential election.
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