United

Bitcoin

Impact

Reserve

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-breaks-73000-as-traders-react" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Breaks $73,000 as Traders React</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/strategist-predicts-national-treasuries-will-hold-bitcoin-as-a-key-currency" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.bitcoinhaber.net/bitcoin-hits-record-peak-as-analysts-project-future-trajectory" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>) has recently captured significant attention as it surpassed the $73,000 threshold, marking an impressive 8% surge. Despite a slight pullback to around $72,000, the leading cryptocurrency continues to energize traders and market watchers alike.</p>
<h2 style="text-align: justify" id="what-factors-are-fueling-bitcoin-s-surge">What Factors Are Fueling Bitcoin’s Surge?</h2>
<p style="text-align: justify">A combination of elements is propelling Bitcoin’s price upward. Primary drivers include a robust demand for spot Bitcoin exchange-traded funds (ETFs) in the United States, a new cycle of monetary expansion in major economies, and the potential candidacy of Donald Trump, who is seen as favorable to cryptocurrency interests in the upcoming presidential race.</p>
<h2 style="text-align: justify" id="how-will-upcoming-labor-data-impact-the-market">How Will Upcoming Labor Data Impact the Market?</h2>
<p style="text-align: justify">This Friday’s release of non-farm payroll data is expected to provide crucial insights into the U.S. labor market. Anticipations suggest an employment increase of about 110,000, significantly lower than previous figures, and this information will be pivotal in shaping expectations for a Federal Reserve rate cut.</p>
<ul>
 <li>Bitcoin’s rise is driven by strong ETF demand and monetary policy shifts.</li>
 <li>Trump’s candidacy may influence market dynamics as the election approaches.</li>
 <li>Upcoming labor data could confirm expectations of a Federal Reserve rate cut.</li>
 <li>Tech giants’ earnings reports are anticipated to affect overall market sentiment.</li>
</ul>
<p style="text-align: justify">As the market watches these developments closely, traders are particularly interested in how the anticipated earnings reports from major tech firms will sway both equity and cryptocurrency markets.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-breaks-73000-as-traders-react" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Breaks $73,000 as Traders React</a></h5>

Bitcoin Breaks $73,000 as Traders React

Table of Contents

BH NEWS

Other articles published on Oct 30, 2024

US October Jobs Surge to 233K, Q3 GDP Growth Falls Below Expectations

Success Awaits! ZDEX and Other High-Yield Cryptos Ready to Skyrocket x550

Morph Announces Mainnet Launch on Ethereum, Paving the Way for Consumer Blockchain Adoption

A Crypto Portfolio that pumped 500% | Explosive Altcoins Inside

Analysts Warn of Crypto Market Volatility Around U.S. Election

Coins to Buy Ahead of the Next Crypto Bull Run: The Best Picks for Decentralization and Innovation

Join our free newsletter for daily crypto updates!