Cryptocurrency

bullish

Future

Bitcoin

Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-cryptocurrency-market-thrives-as-new-buyers-enter/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin and Cryptocurrency Market Thrives as New Buyers Enter</a><br></p>
<p style="text-align: justify">In the past 24 hours, a notable rise has been observed in the <a href="https://en.coin-turk.com/analysts-predict-bitcoins-future-amid-recent-price-drop/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/market-trends-reveal-positive-sentiment-in-cryptocurrency/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> market. The total market capitalization reached $2.5 trillion, highlighting the strong performance of leading crypto assets. Bitcoin’s surge has created a positive atmosphere across the market.</p>
<h2 style="text-align: justify" id="bitcoin-continues-to-rise-for-12-hours">Bitcoin Continues to Rise for 12 Hours</h2>
<p style="text-align: justify">Bitcoin is currently trading above $72,000, nearing its all-time high. A continuous increase in Bitcoin’s price has been noted over a 12-hour period. This movement brings Bitcoin a step closer to the peak level expected in June 2024, prompting speculation among buyers about the potential for a new record.</p>
<h2 style="text-align: justify" id="us-elections-and-the-cryptocurrency-market">US Elections and the Cryptocurrency Market</h2>
<p style="text-align: justify">The upcoming US presidential elections have sparked increased interest in cryptocurrencies. Both main candidates reportedly have favorable views on digital assets. Notably, Donald Trump’s campaign positions the crypto industry as part of economic growth, including proposed tax exemptions and incentives for tokens developed in the US.</p>
<h2 style="text-align: justify" id="increase-in-stock-and-etf-investments">Increase in Stock and ETF Investments</h2>
<p style="text-align: justify">Investment interest in stocks and ETFs has also shown significant growth. According to SoSo Value, the volume of Bitcoin spot ETFs has exceeded $5 billion, while BlackRock’s IBIT product reached a volume of $3.3 billion. Research by Kaiko indicates strong capital inflows into the BTC perpetual futures market.</p>
<p style="text-align: justify">Bitcoin’s open positions have returned to the $16 billion level seen in August, although funding rates remain below the peaks observed in March. This suggests that buyers are cautious in their bullish expectations. Over the last 24 hours, liquidations exceeding $113 million occurred in Bitcoin, primarily from short positions.</p>
<h2 style="text-align: justify" id="new-buyers-make-their-move">New Buyers Make Their Move</h2>
<p style="text-align: justify">Research from VanEck indicates that new Bitcoin buyers are entering the market daily. This signals strong momentum in the market, which is showing an upward trend. Influenced by the US elections and robust buyer interest, both Bitcoin and the broader <a href="https://en.coin-turk.com/binance-continues-delisting-19-trading-pairs-to-be-removed/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a> are experiencing a favorable trajectory. Future regulatory changes and market dynamics will be key determinants of price movements.</p>
<p style="text-align: justify">The cryptocurrency market continues to develop in conjunction with global economic factors. It is crucial for buyers to closely monitor market trends and regulatory changes to make informed decisions.</p>
<p>The post <a href="https://en.coin-turk.com/bitcoin-and-cryptocurrency-market-thrives-as-new-buyers-enter/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin and Cryptocurrency Market Thrives as New Buyers Enter</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Bitcoin and Cryptocurrency Market Thrives as New Buyers Enter

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