According to CoinShares, anticipation for the United States elections and Republican gains are fueling bullish market sentiment.
Bitcoin news
Bitcoin price rallies as traders react to geopolitical and economic uncertainty, as the potential outcome of the upcoming US election.
The investment manager’s long term model puts BTC’s price at roughly $3 million by 2050.
It’s the first United States university endowment to report holding Bitcoin ETFs, according to Bloomberg.
Bitcoin ETFs are recording solid buying, a sign that traders believe to be an indicator that BTC will break through the range highs.
Bitcoin is showing strength by holding tight to the $68,000 level, but a run to new all-time highs will require one key component.
The new index series from HKEX will offer a single reference price for Bitcoin and Ether, aligning with Asia-Pacific trading hours, and it aims to boost transparency in the digital asset market.
Bitcoin hovers around $68,000 as US election uncertainty mounts, but a bullish breakout hints at a potential surge to $100,000.
Metaplanet’s latest Bitcoin purchase makes it the second-largest corporate Bitcoin holder in Asia behind Boyaa Interactive International, which holds 1,100 BTC.
Analysts expect Bitcoin’s price consolidation to end soon, paving the way for a “huge move” upward.