Bitcoin Eyes $70,000 Amid 10% Surge | How US Elections Are Driving Prices
Bitcoin Eyes $70,000 Amid 10% Surge | How US Elections Are Driving Prices Introduction: Bitcoin prices have once again surged, this time eyeing the $70,000 mark following a significant 10% weekly gain. With the upcoming US presidential elections playing a key role in market sentiment, crypto traders are positioning themselves for further growth. Both candidates seem to be promising favorable policies for Bitcoin, sparking optimism in the crypto market. Let’s break down how these political and economic factors are influencing Bitcoin’s price. Bitcoin Surges Amid Political and Economic Factors: Last week, Bitcoin (BTC/USD) saw an impressive 10% pump, with prices rising from $62,000 to above $69,000. As the week began, Bitcoin bulls kept the momentum, pushing the price even closer to $70,000, marking a significant recovery from its earlier low. This upward trend is being driven by several macroeconomic factors, such as reduced inflation and potential interest rate...