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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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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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