Bitcoin's price saw a modest increase on Thursday, trending toward strong weekly gains fueled by speculation regarding a potential Donald Trump victory in the upcoming presidential elections.
Bitcoin price rose on Thursday, notching up strong weekly gains amid speculation over a potential Donald Trump victory in the upcoming presidential elections.
The world's biggest cryptocurrency hit its highest since late July earlier this week, driven by a slew of positive factors, though the current momentum appeared to be evening out.
Bitcoin rose 0.7% to $67,733.1 by 00:59 ET (04:59 GMT), having briefly crossed $68,000 earlier this week. It was set to mark its best weekly performance since early September, with gains of over 7%.
Several factors are boosting Bitcoin's price, including increasing speculation over Trump's prospects in the election. Polls showed Trump gaining ground against Democratic nominee Kamala Harris, who has pledged to create a regulatory framework for cryptocurrency.
Moreover, defunct exchange Mt. Gox has pushed back its timeline for returning tokens to creditors, easing immediate selling pressure. Improved capital flows into crypto investment products this past week also signaled positive sentiment in the market.
While Bitcoin held up in positive territory, other major cryptocurrencies lost some steam on Thursday. Ether fell 0.4% to $2,618.86, though it was still up 5.7% for the week. Other tokens, including XRP, SOL, MATIC, and ADA, slipped between 0.4% and 4%, although they showed gains for the week. Notably, DOGE rose 6.8%.
The above is the detailed content of Bitcoin Price Rises Amid Election Speculation. For more information, please follow other related articles on the PHP Chinese website!

Senator Cynthia Lummis took the stage to speak at the Bitcoin 2024 conference along with Senator Tim Scott, on Friday, discussing cryptocurrency and their vision for its role in the U.S. financial system.

On-chain data shows the Binance exchange has received large net Bitcoin inflows during the past day, indicating that BTC's decline may extend further.

JoeGrand-anethicalhackerandYouTuberwhoiswidelyknownforhisprojectsinvolvingcryptowallets,hassuccessfullyrecoveredalife-changingamountofbitcoin,presentlyvaluednorthof$3millionfromasoftwarewalletthathasbeenlockedformo

In the ongoing global economic and geopolitical rivalry, the United States may have a powerful new weapon – Bitcoin (BTC). That is the argument made by Sam Lyman

Financial experts are warning of an impending peak in US stocks. This may also lead Bitcoin to rise. According to Arthur Budaghyan, an analyst at BCA Research, the US stock market

Powered by the Unbound Fund, this initiative uses Bitcoin as a key to open up Portuguese citizenship via the country's golden visa program.

Cryptocurrencies, commodities, and stocks are among the most popular risk assets for investment and trade, also leading finance indicators.

Crypto analyst Mikybull Crypto has revealed the return of a technical indicator that represents a buy signal for Bitcoin. Based on his predictions, the

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

WebStorm Mac version
Useful JavaScript development tools

MinGW - Minimalist GNU for Windows
This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.

Dreamweaver CS6
Visual web development tools

Atom editor mac version download
The most popular open source editor

SublimeText3 English version
Recommended: Win version, supports code prompts!
