Bitcoin Inches Closer To $71,000: How The 2024 US Race Is Fueling The Cryptocurrency

Updated : Oct 29, 2024 13:16
|
Editorji News Desk

Bitcoin prices are soaring! The world’s largest cryptocurrency is now trading closer to $71,000, a level last seen in June 2024.

So, what’s fueling this surge? A big factor driving the crypto rally is the U.S. presidential election.

Republican candidate Donald Trump is positioning himself as pro-crypto.

Even Kamala Harris has signaled a notable shift from the Democratic Party anti-crypto stance.

This shift is being closely watched by crypto regulation advocates, adding to the positive sentiment in the market.

We’ve covered this Bitcoin surge in greater detail in a recent video, which you can find on our channel, BusinessHook. Just search the channel’s name as one word!

What’s your take on investing in cryptocurrencies and the recent Bitcoin surge?.

Also Watch: Smart Holiday Travel Hacks for Young Professionals | Save Money on Your Next Trip!

Bitcoin

Recommended For You

editorji | Business

Rupee breaches 91-mark against US dollar for first time in intra-day trade

editorji | Business

Microsoft commits USD 17.5 billion investment in India: CEO Satya Nadella

editorji | Business

CBI books Anil Ambani's son, Reliance Home Finance Ltd. in Rs 228 crore bank fraud case

editorji | Business

RBI raises FY26 GDP growth projection to 7.3 pc

editorji | Business

RBI trims policy interest rate by 25bps to 5.25pc, loans to get cheaper