Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-surges-past-70000-as-investors-anticipate-growth/" data-wpel-link="internal">Bitcoin Surges Past $70,000 as Investors Anticipate Growth</a> 
King <a href="https://en.coin-turk.com/kamala-harris-gains-significant-support-from-tech-leaders/" data-wpel-link="internal">cryptocurrency</a> Bitcoin has exceeded the $70,000 mark again, reaching a peak of $70,270. At the time of writing, it is hovering around $70,200. The ongoing rise concerning all <a href="https://en.coin-turk.com/bitcoin-gains-dominance-in-the-cryptocurrency-market/" data-wpel-link="internal">cryptocurrencies</a> raises hopes that the days of stagnation may soon be over. What is driving this increase? 
<h2 style="text-align: justify" id="bitcoin-s-resurgence">Bitcoin’s Resurgence</h2> 
BTC has reclaimed the $70,000 threshold. Following the initiation of interest rate cuts, market participants believe a significant surge in risk markets is inevitable. While this may be a test that could end in failure, we should see BTC achieving new highs above $70,000 in the medium term, within a few months. 
<ul style="text-align: justify"> 
 <li>Only days remain until the U.S. elections.</li> 
 <li>FTX is set to return billions in stablecoins to creditors.</li> 
 <li>Interest rate cuts have already begun.</li> 
 <li>While inflation decreases, employment remains relatively strong.</li> 
 <li>Historical data suggests that a rise is imminent, providing significant psychological support.</li> 
</ul> 
<img decoding="async" class="size-full wp-image-401389 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/BTCUSDT_2024-10-29_01-14-08.png" alt="" width="1815" height="836"> 
There are numerous reasons for this upward trend. After 91 days of lingering below the $70,000 threshold, Bitcoin is expected to move in the anticipated direction, recalling the historical performance of the last quarter following a prolonged consolidation phase. 
The post <a href="https://en.coin-turk.com/bitcoin-surges-past-70000-as-investors-anticipate-growth/" data-wpel-link="internal">Bitcoin Surges Past $70,000 as Investors Anticipate Growth</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Surges Past $70,000 as Investors Anticipate Growth

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