Bitcoin price rallies as traders react to geopolitical and economic uncertainty, as the potential outcome of the upcoming US election.
Federal Reserve news
Bitcoin ETFs are recording solid buying, a sign that traders believe to be an indicator that BTC will break through the range highs.
Bitcoin hovers around $68,000 as US election uncertainty mounts, but a bullish breakout hints at a potential surge to $100,000.
Spot Bitcoin ETFs will need to make an average of $301 million in net inflows per day to get it done this week.
Institutional adoption, US government overspending and future economic stimulus packages are just a few reasons why analysts believe Bitcoin price is on the path to $100,000.
The partnership was originally announced in mid-2023 ahead of the launch of FedNow.
Bitcoin’s upcoming price recovery will be driven by a handful of unique factors.
XRP prices have declined after Ripple co-founder’s $10 million donation to Kamala Harris’ US presidential campaign.
Minneapolis Federal Reserve President Neel Kashkari said crypto is “almost never” used outside of drugs and criminal activity — but evidence points to the contrary.
The Federal Reserve Bank of Minneapolis suggests that a ban or tax on Bitcoin could ensure its ability to run permanent budget deficits.