Bitcoin (BTC) Price Nears All-Time High of $66K as Donald Trump\'s Comeback to the White House Looks Increasingly Likely
- WBOYOriginal
- 2024-07-18 20:42:11738browse
Trump-Vance duo has strong support from the crypto industry. By Shaurya Shubham.
Bitcoin price is trading at almost $66,000 and Donald Trump's return to the White House looks increasingly likely. Trump's clear support for cryptocurrencies and the increasing likelihood of his victory are pushing Bitcoin to an all-time high.
Strong support for Trump-Vance duo from the crypto industry
J.D. Vance will be Trump's running mate in the 2024 US presidential elections. The Republican senator from Ohio is also a Bitcoin investor. He has drafted pro-crypto legislation and reportedly owns up to $250,000 in Bitcoin.
Riot Platforms' Brian Morgenstern called the pairing "a tremendous ticket period" on "It's an absolute dream come true for the crypto community." There is great optimism about its approval. Bloomberg's Eric Balchunas noted that talks between the US SEC and ether ETF issuers on It will reportedly go into effect on July 22, and funding could begin on Tuesday, July 23. Ether is up 13.2% in the last seven days.
Bullish and bearish expectations for Binance Coin
The bullish outlook for BNB is explained by investors turning to it as a safe haven after selling other altcoin assets or by large-scale purchases by first-time holders. Increasing demand will increase the price and market value of Binance Coin.
Developments such as BNB re-entering markets from which it has previously left or gaining a higher market share will be considered positive fundamentals for the currency, which may exceed $600 in 2024. It is currently trading at $580, according to CoinGecko, and is down 19% from its all-time high of $717.48 on June 6.
The biggest risk to BNB's future will be Binance's difficulties. Bad news for the stock market is also bad news for the currency.
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