BITCOIN SURPRISES MARKETS, BREAKS $71,000 BARRIER FOR FIRST TIME SINCE JUNE

Tina Collins

Oct 29, 2024 — 1 min read

BITCOIN SURPRISES MARKETS, BREAKS $71,000 BARRIER FOR FIRST TIME SINCE JUNE

Bitcoin Price Surge: Bitcoin broke the $71,000 mark for the first time since June.

Political Influence: Increased possibility of Democratic candidate Donald Trump winning the upcoming US presidential election is thought to be supporting Bitcoin.
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Support from Trump: Trump claimed more votes might go to Democrats to address issues under the current Biden administration.

Bitcoin ETF Demand: Recent strong inflows into Bitcoin ETFs show rising investor interest, following regulatory approval for Bitcoin funds on the US stock exchange.

Trump’s Crypto Platform News: Trump’s financial platform, World Liberty Financial, may release its own stablecoin, boosting investor confidence in Bitcoin.

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NEW US BILL PROPOSES SELLING GOLD TO BUY BITCOIN

MICROSTRATEGY BUYS $4.6 BILLION WORTH OF BITCOIN IN HISTORIC DEAL

US FEDERAL RESERVE PREPARING A STRONG SURPRISE FOR MARKETS

GOLDMAN SACHS EXPECTS RBA AND NZRB TO CUT INTEREST RATES