Bitcoin

2024 - 10 - 30

Bitcoin Hits $73K - Ready to Take the Throne Again?

Bitcoin - Blockchain - Crypto Stocks - Cryptocurrency - Dogecoin - Elon Musk - Investor Confidence - Market Trends - U.S. Presidential Election

Bitcoin just surged past $73K, captivating investors! Find out what’s driving this digital gold's spectacular rise amidst political drama and crypto excitement!

Bitcoin has officially crossed the $73,000 mark for the first time in seven months, sparking a flurry of excitement in the cryptocurrency realm. As we approach the much-anticipated U.S. presidential election, market conditions are aligning in a way that seems to favor this digital darling. With the price growth extending to nearly 75% year-to-date and more than doubling compared to its levels a year ago, Bitcoin is not just making headlines; it's on the brink of potentially shattering its all-time high of $73,737.

But what's driving this meteoric rise? Speculation around the U.S. elections has created a buzz among investors, with many betting on a Trump victory, which they believe could lead to further cryptocurrency adoption and investment. And let’s not forget the overall surge in global trade volume, as it seems investors are flocking towards Bitcoin—possibly seeing it as a safe haven amid economic uncertainties. With stocks like IBKR, CME, ACN, and BLK also poised to benefit from the Bitcoin rally, it's clear that traditional finance and crypto worlds are increasingly intertwining.

As if that's not enough, other cryptocurrencies aren't left out of the party either! Dogecoin, buoyed by Elon Musk’s tweets and crypto market optimism, is also climbing, and Ethereum isn't far behind, showcasing how the whole crypto ecosystem is buzzing with energy. It seems whenever Bitcoin smiles, the entire crypto market grins right back! Who knows? This might be the time when we see Dogecoin finally getting that path to the moon after all.

Looking ahead, it's intriguing to think about how the political landscape might reshape the crypto sectors. Could policies from new administrations encourage wider adoption of digital currencies? Only time will tell. The crypto community is ardently lively, shifting and evolving, almost like a concert where everyone's dancing to the beat of blockchain technology and market speculation!

Interestingly, while Bitcoin’s rise paints an exhilarating picture, it's worth noting that volatility remains a key characteristic of cryptocurrencies. Investors should always be prepared for unexpected price swings. Additionally, the emerging gamification of Bitcoin mining through platforms like Miner Wars offers a fun twist, as players engage with crypto mining in a competitive gaming environment. How's that for mixing work with play? In a world where politics and Bitcoin are very much intertwined, one can’t help but laugh at the quirky yet thrilling journey these virtual coins are taking us on!

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Image courtesy of "Forbes"

Bitcoin Tops $73000—A 7-Month High—As Election, Inflation ... (Forbes)

Bitcoin just hit its priciest level since the spring as several market conditions, including next week's U.S. presidential election, impact the $1.4 ...

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Image courtesy of "Quartz"

Bitcoin just crossed $73000, edging closer to a new all-time high as ... (Quartz)

The leading cryptocurrency is just 1% below its record high of $73737.

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Image courtesy of "Yahoo Finance"

Bitcoin Surpasses $71000: Buy 4 Crypto Stocks With Growth Potential (Yahoo Finance)

Stocks like IBKR, CME, ACN and BLK are poised to benefit from the ongoing Bitcoin rally.

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Image courtesy of "Coindesk"

Bitcoin Tops $73.5K, Climbing Just Shy of New Record High (Coindesk)

The largest crypto has extended its year-to-date gain to nearly 75% and has more than doubled from year-ago levels.

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Image courtesy of "FXStreet"

Bitcoin rises above 70k – Will BTC reach a new ATH? (FXStreet)

Bitcoin rises to 4-month high of 71.5k. Rising expectations of a Trump victory boost BTC.

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Image courtesy of "Barron's"

Bitcoin Tops $72000, Dogecoin Gets Elon Musk Boost. Why Cryptos ... (Barron's)

Bitcoin price passes $72000 on Tuesday ahead of the election between Donald Trump and Kamala Harris. Ethereum and dogecoin were also climbing.

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Image courtesy of "Bitcoin News"

Bitcoin Surpasses $72K Amid Surge in Global Trade Volume ... (Bitcoin News)

On Tuesday afternoon, bitcoin cracked past the $72K mark, inching closer to its all-time high in U.S. dollar terms.

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Image courtesy of "Yahoo Finance"

Bitcoin Price Tops $73000 Ahead of Election Day as Investors Flock ... (Yahoo Finance)

Bitcoin traded around $73000 Tuesday for the first time since March, gaining traction ahead of the U.S. presidential election as investors poured billions ...

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Image courtesy of "CEO Today"

Bitcoin Surpasses $71000: Election Fuels Crypto Surge (CEO Today)

Bitcoin surges past $71000, driven by election speculation and ETF investments. Will political shifts reshape the crypto landscape?

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Image courtesy of "Bitcoin News"

Bitcoin Mining, Gamified: Inside Miner Wars and the GoMining ... (Bitcoin News)

Miner Wars by GoMining is a GameFi approach to Bitcoin mining that has been steadily gaining traction since its beta release in mid September. Players can.

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Image courtesy of "Yahoo Finance"

Bitcoin Is on the Cusp of Topping Record High Reached in March (Yahoo Finance)

(Bloomberg) -- A surge in Bitcoin has put the original cryptocurrency on the verge of topping a record high of almost $74000 reached in March.

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Image courtesy of "FXStreet"

Bitcoin set sight on new all-time high after briefly breaking past $73000 (FXStreet)

Bitcoin's ploy for a new all-time high follows Donald Trump's Polymarket odds on the 2024 election reaching new highs. Bitcoin (BTC) is trading around $72,200 ...

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Image courtesy of "The Straits Times"

Bitcoin on cusp of topping record high due to 'Trump trade' (The Straits Times)

Bitcoin is viewed by some as a so-called “Trump trade” because Republican presidential nominee Donald Trump embraced digital assets during campaigning.

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Image courtesy of "Coindesk"

Crypto Stocks MicroStrategy, Coinbase and Marathon Post Just ... (Coindesk)

A notable outperformer was bitcoin miner Bitfarms, which nominated a new board member amid its proxy battle with Riot Platforms.

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Image courtesy of "The Crypto Times"

Bitcoin Price Reaches $73.5K Close to New Record High (The Crypto Times)

Bitcoin price nears its all-time high of $73800, driven by strong market indicators suggesting a new bull phase and potential record highs.

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Image courtesy of "Yahoo Finance UK"

Bitcoin Hovers Around New All-Time High, Ethereum, Dogecoin ... (Yahoo Finance UK)

Bitcoin pulled back from near-new highs Tuesday, while stocks rallied on Alphabet Inc.'s (NASDAQ:GOOGL) better-than-expected third-quarter earnings.

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Image courtesy of "Barron's"

Bitcoin Close To Record As Cautious Markets Eye US Election (Barron's)

Bitcoin was close to $73000 in early Asian trade Wednesday, approaching a record high with investors keeping a cautious eye on the US presidential election.

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Image courtesy of "Quartz"

What will happen to Bitcoin if Donald Trump or Kamala Harris win ... (Quartz)

The leading cryptocurrency is approaching a new all-time high ahead of the U.S. presidential election.

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Image courtesy of "FXStreet"

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC surges above ... (FXStreet)

Bitcoin (BTC) is trading above $72000 on Wednesday after successfully retesting its key support level, setting its sights on an all-time high in the short ...

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Image courtesy of "Yahoo Finance"

US Bitcoin ETFs Get Third-Highest Inflow With Token Near Record (Yahoo Finance)

(Bloomberg) -- US exchange-traded funds investing in Bitcoin saw an $870 million net inflow, their third-highest daily haul, as the digital asset flirts ...

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Image courtesy of "Kurdistan24"

Bitcoin: Leading digital cryptocurrency was close to $73.000 (Kurdistan24)

Investors are hoping a key political meeting in Beijing next week will unveil a major stimulus plan for the Chinese economy, which has struggled to recover ...

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Image courtesy of "Coindesk"

Bitcoin ETFs Record $870M Inflows as BTC Flirts With Lifetime Highs (Coindesk)

BlackRock's IBIT recorded over $629 million in single-day inflows as the asset neared lifetime highs on Tuesday, ahead of next week's U.S. elections.

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Image courtesy of "Cointelegraph"

'FOMO confirmed' — BlackRock Bitcoin ETF clocks biggest trading ... (Cointelegraph)

BlackRock Bitcoin ETF saw its highest trading day since April 1, accounting for about 38% of the total trading volume among Bitcoin ETFs on Oct. 29.

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Image courtesy of "Barron's"

Bitcoin Nears Highs. Crypto Is Already The Election's Big Winner. (Barron's)

Whether Donald Trump or Kamala Harris wins the White House, the crypto industry already looks like the election's big winner. The 2022 crypto crash has ...

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Image courtesy of "Bloomberg"

Trump Trades: Bitcoin Is Boss, Bonds at a Loss (Bloomberg)

Crypto is along for the 'Trump-wins' ride, but a counter-narrative is emerging from economic data and the Madison Square Garden rally.

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Image courtesy of "Blockworks"

Bitcoin is enjoying a small breakout, but election volatility still to come (Blockworks)

Option premiums and estimated daily volatility for bitcoin are projected to rise significantly around Nov. 6-8.

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Image courtesy of "Crypto Briefing"

Bitcoin ETFs record largest single-day inflow since June as Bitcoin ... (Crypto Briefing)

Investors were likely rushing into IBIT due to recent price increases and fear of missing out on future gains, said Bloomberg ETF analyst Eric Balchunas.

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