11:14 - 29.10.2024

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October 29, Fineko/abc.az. Today, on October 29, bitcoin exceeded the mark of $71,000 for the first time since June amid an influx of finances into exchange-traded funds focused on this digital asset, as well as speculation about the possible results of the upcoming U.S. presidential election, ABC.AZ reports, referring to Bloomberg.

IG Australia market analyst Tony Sycamore believes that bitcoin "takes into account Donald Trump's election victory". He added that bitcoin needs a steady break above $70,000 to increase confidence that it will be able to rise above the March record of $73,798. The agency notes that U.S. presidential candidate Donald Trump positions himself as a supporter of cryptocurrencies and accepts digital assets for donations to his election campaign. Bitcoin is growing as the stakes for Trump's victory in the U.S. presidential election rise.