Bitcoin's price has been rising steadily and is nearing its all-time high of $72,000. Analysts attribute this volatility to three main factors. Firstly, investor sentiment around the upcoming US elections is pushing Bitcoin prices higher in the short term, as Donald Trump has expressed support for cryptocurrencies. Secondly, the de-escalation of tensions in the Middle East has eased market concerns and attracted investors back to cryptocurrencies. Lastly, increased investment inflow into spot Bitcoin ETFs indicates renewed bullish sentiment among institutional investors. With these factors in play, analysts anticipate further volatility as Bitcoin approaches a potential new record.



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