CandleFocus DOGE, ENA, POPCAT, BSV surge double-digits as BTC surpasses $71K and hits new ATH
2024-10-29
Author: Content Editor
Bitcoin surged past $71,000, reaching a new all-time high, as speculation surrounding the potential outcomes of the upcoming U.S. election intensified. This surge also resulted in double-digit gains for altcoins such as DOGE, ENA, POPCAT, and BSV. The rally was fueled by speculation around the election's impact and strong inflows into crypto-focused exchange-traded funds. A Trump victory is considered bullish for the crypto sector, and his increasing odds in prediction markets contributed to the positive momentum. Additionally, renewed inflows into U.S.-based spot Bitcoin ETFs and bullish technical signals in Bitcoin's setup also supported the rally. Altcoins, including Dogecoin, Ethereum, and Bitcoin SV, also saw significant gains. Overall, the global market cap increased by 2.2% to $2.51 trillion.
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