Donald Trump

Bitcoin

Bitcoin is edging closer to a new all-time high after touching $73.5k on Oct. 29 as daily inflows into US spot BTC ETFs (exchange-traded funds) surged.
An <a href="https://sosovalue.xyz/assets/etf/Total_Crypto_Spot_ETF_Fund_Flow?page=usBTC" rel="noopener noreferrer nofollow">$870 million influx</a> into spot Bitcoin ETFs on Tuesday, the third-highest daily total since the investment vehicles launched in January, was led by the $629 million that flooded into BlackRock’s IBIT.
<img decoding="async" class="aligncenter wp-image-593036 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/10/Screenshot_2-1.png" alt="Bitcoin ETFs" width="1774" height="509" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Screenshot_2-1.png 1774w, https://insidebitcoins.com/wp-content/uploads/2024/10/Screenshot_2-1-300x86.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Screenshot_2-1-1024x294.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/Screenshot_2-1-768x220.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/10/Screenshot_2-1-1536x441.png 1536w" sizes="(max-width: 1774px) 100vw, 1774px">
<h2 id="b-bitcoin-inches-closer-to-ath-b">Bitcoin Inches Closer To ATH</h2>
The surge in ETF flows helped power the <a href="https://insidebitcoins.com/news/bitcoin-pumps-past-70k-as-new-meme-coin-pepe-unchained-smashes-23m-in-presale" rel="noopener noreferrer nofollow">Bitcoin price</a> higher, with the king of cryptos touching a daily high on Tuesday of $73,577, just shy of its all-time high of $73,750 recorded in March.&nbsp;
This surge in investment into BTC comes amid growing optimism that pro-crypto candidate Donald Trump will win the presidential election next week.
Polymarket betting odds show <a href="https://polymarket.com/event/presidential-election-winner-2024" rel="noopener noreferrer nofollow">Trump leading Kamala Harris</a> by 66.9% to 33.1%, based on over $2.7 billion in wagers.&nbsp;
<img decoding="async" class="aligncenter wp-image-593037 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/10/Screenshot_3-1.png" alt="" width="945" height="535" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Screenshot_3-1.png 945w, https://insidebitcoins.com/wp-content/uploads/2024/10/Screenshot_3-1-300x170.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Screenshot_3-1-768x435.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/10/Screenshot_3-1-269x153.png 269w" sizes="(max-width: 945px) 100vw, 945px">
The BTC price pared earlier gains to trade at $72,356 as of 05:48 a.m. EST, having jumped 1.6% in the last 24 hours, according to <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow">CoinGecko</a>.&nbsp;
“The post halving advance may have begun,” said crypto trader Peter Brandt, who has 745k followers on X. “The series of lower highs and lower lows since March has come to an end.”
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 B I T C O I N <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> The 5-month inverted expanding triangle has now been completed Follow through will be important The post halving advance may have begun The series of lower highs and lower lows since March has come to an end <a href="https://t.co/lth9fLv0yt" rel="noopener noreferrer nofollow">pic.twitter.com/lth9fLv0yt</a>
 — Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1851092865188769796?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 29, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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Bitcoin Nears All-Time High As Spot BTC ETFs See $870M Surge, Driven by BlackRock’s IBIT

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