Donald Trump

Token

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/factors-driving-todays-bitcoin-price-surge/" data-wpel-link="internal">Factors Driving Today’s Bitcoin Price Surge</a> 
Bitcoin price is experiencing a rise today due to two main factors. The most significant reason is the record-high probability of Trump winning on prediction platforms. The second reason is the volatility in U.S. stock markets. Additionally, there is potential for a historical performance to end its prolonged consolidation period. 
<h2 style="text-align: justify" id="trump-and-btc-rise-together">Trump and BTC Rise Together</h2> 
Donald Trump is generating notable interest with the launch of the WLFI Token, raising millions of dollars. The extent of his involvement in <a href="https://en.coin-turk.com/junes-exciting-start-in-cryptocurrency-expert-opinion-on-bitcoins-direction/" data-wpel-link="internal">cryptocurrency</a> remains to be seen. If elected president, we might witness Trump making bold moves to add Bitcoin to the Fed’s reserves. His grand promises create a narrative where winning elections for Trump could signify a victory for cryptocurrency in the U.S. 
<h2 style="text-align: justify" id="regulatory-landscape-for-cryptocurrencies">Regulatory Landscape for Cryptocurrencies</h2> 
While Harris has made some statements regarding <a href="https://en.coin-turk.com/us-debt-ceiling-dilemma-a-tipping-point-for-financial-markets-and-cryptocurrencies/" data-wpel-link="internal">crypto</a> regulations, with three weeks until the election, Democrat Gensler’s <a href="https://en.coin-turk.com/bitcoin-price-surges-to-new-highs-before-sharp-decline/" data-wpel-link="internal">SEC</a> is aggressively pursuing cryptocurrency lawsuits. Ripple is appealing, and many more actions are underway. This signals that if Harris is elected, legal pressure on cryptocurrencies will continue unabated. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-397348 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/trump-vs-kamala.png" alt="" width="1198" height="297"> 
Polymarket data indicates that Trump’s chances of winning the elections are nearing the peak recorded in July. Although Trump lags in some polls like Reuters, cryptocurrency investors predict he will win the election. Moreover, this sentiment is strengthening three weeks before the elections, as evidenced by the varying winning odds of Trump across different platforms. 
The post <a href="https://en.coin-turk.com/factors-driving-todays-bitcoin-price-surge/" data-wpel-link="internal">Factors Driving Today’s Bitcoin Price Surge</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Factors Driving Today’s Bitcoin Price Surge

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