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Cryptocurrency News Video
Crypto Surge Amid Election Anticipation: Bitcoin Hits $70,000 "The election is approaching, Bitcoin breaks through the 70,000 mark, and the encryption market is rising"
Oct 29, 2024 at 11:08 pm TEN STRONG (十强武者 )
As the U.S. election approaches, Bitcoin rises above $70,000. Boosted by inflows from specialized exchange index funds (ETFs) and speculation about the outcome of next week's U.S. election, Bitcoin rises above $70,000 for the first time since June. At 8:20 Malaysian time on October 29, 2024, Bitcoin's gains narrowed to US$69,840, having previously reached US$70,211. Smaller coins such as Ethereum also posted modest gains. Bitcoin is viewed by some as a Trump trade, with Republican presidential candidate Trump welcoming the digital asset during his campaign. Data shows that Trump is currently leading Harris by a wide margin, while polls show that the two sides are evenly matched. Bitcoin received a boost from overnight gains in U.S. stocks and continues to "digest the possibility of Trump winning the election," market analysts wrote in a report. He added that Bitcoin would need to continue to break through $70,000 to be confident that it would surpass The record of $73,798 set in March will be shared here today, thank you all.
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