CandleFocus Bitcoin price has become intertwined with U.S. Election: Crypto executives
2024-11-06
Author: Content Editor
The recent surge in Bitcoin's price, reaching $70,000 and coming close to its all-time high, is attributed to investor optimism surrounding the US presidential election and increased capital flowing into Bitcoin ETFs. Both candidates, Donald Trump and Kamala Harris, have discussed cryptocurrency with Trump expressing support and proposing a national Bitcoin reserve, while Harris is expected to bring regulatory clarity and support. The election outcome could have a significant impact on Bitcoin's price, with a possible spike in either direction. As vote-counting progresses, Bitcoin has reached an all-time high of $75,000.
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