CandleFocus Bitcoin's 'Uptober' momentum fueled by pro-crypto US candidates and fading global tensions
2024-10-15
Author: Content Editor
Bitcoin has surged to a high of $66,000 in the past 24 hours, breaking out of weeks of stability in the crypto market. The rise in Bitcoin's price has rekindled optimism among investors for a strong October, historically a good month for investors. One factor driving this renewed momentum is the growing belief that both US presidential candidates, Kamala Harris and Donald Trump, are pro-crypto. There is uncertainty surrounding the election outcome, but institutions like Galaxy Digital and BlackRock believe Bitcoin will remain unaffected regardless of who wins. Other potential drivers behind Bitcoin's recent performance include shifting market sentiment, global economic factors, and geopolitical risks.
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