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Bitcoin Surges Past $71,000 for First Time Since June, Driven by ETF Investments and US Election Speculation

Mary-Kate Olsen

Release： 2024-10-29 18:34:24

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Many view Bitcoin as a potential “Trump trade” due to Republican presidential nominee Donald Trump's support for digital assets during his campaign.

Bitcoin Surges Past ,000 for First Time Since June, Driven by ETF Investments and US Election Speculation

Bitcoin surged past $71,000 for the first time since June amid speculation that the upcoming US election will be favorable for the cryptocurrency.

Both Ether and Dogecoin, popular among meme investors, also saw gains of about 4%.

Options traders are betting on Bitcoin reaching $80,000 by the end of November, regardless of the election outcome.

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