The bitcoin price has been reflecting the sentiment of a big bull run, hitting nearly $69,400 over the weekend. Analysts expect a new price peak for the asset in the coming weeks or months. The recent inflows into US-listed spot bitcoin ETFs coincide with growing expectations of a Republican victory in the upcoming US elections. The outcome of the election and the makeup of Congress will likely impact crypto regulatory progress. Safe-haven assets are in demand as conflict continues in the Middle East and concerns about a global growth slowdown persist. Meanwhile, Stripe is set to acquire stablecoin platform Bridge, with the deal closing in the coming months. Earnings season continues, with more than 80% of companies that have reported so far beating estimates.
- Content Editor ( blockworks.co )
- 2024-10-21
What’s behind the latest rise (and retreat) of BTC