Bitcoin traders are reducing their risk exposure as Donald Trump’s winning odds slide for the upcoming US election.
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Gold and silver are halfway into a “decade-long bull market,” and Bitcoin is one narrative catalyst away from rallying to $100,000, according to 1971 Capital CIO Brian Russ.
Bitcoin price rallies as traders react to geopolitical and economic uncertainty, as the potential outcome of the upcoming US election.
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.