2024

Donald Trump

<p>As the 2024 <strong>U.S. presidential election</strong> approaches, <strong>Bitcoin</strong> is experiencing a surge in both price and demand, with the potential re-election of Donald <strong>Trump</strong> sparking optimistic sentiment around crypto-friendly regulations. Record-breaking inflows into spot Bitcoin ETFs indicate growing investor interest, bolstering market momentum and highlighting the influence of political and economic developments on Bitcoin’s price movement.</p> 
<p><a href="https://www.qubetics.com/?utm_source=TNYR&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" decoding="async" class="size-full wp-image-24541 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/Qubetics-is-728x90-1-1.jpg" alt="Qubetics is 728x90 1 1" width="728" height="90" title="2024 U.S. Election Wave Boosts Bitcoin as ETF Inflows Hit Record Highs 58"></a></p> 
<h2 id="election-optimism-fuels-bitcoin-demand">Election Optimism Fuels Bitcoin Demand</h2> 
<p>Bitcoin’s recent rise reflects patterns observed during the 2016 election cycle. Analysts link this upward momentum to the 66.5% probability that former President <strong>Donald Trump</strong> could secure re-election, which could usher in crypto-friendly policies. This potential shift has fostered a bullish outlook among investors, especially for BTC, as they view the asset as a hedge against political uncertainty.</p> 
<h2 id="historic-demand-for-bitcoin-etfs">Historic Demand for Bitcoin ETFs</h2> 
<p>Rising demand for <strong>Bitcoin ETFs</strong> in the U.S. has led to over $870 million in net inflows, marking the third-largest entry since the ETF market opened in January. BlackRock’s IBIT ETF recorded the highest inflow at $629 million, followed by Fidelity’s FBTC with $133 million and Bitwise’s BITB at $52 million. Major providers like VanEck, Grayscale, and Ark have also seen increased interest, underscoring a growing market for crypto-related investments. Grayscale’s GBTC trust, however, saw a $17 million net outflow, although its total trading volume exceeded $4.75 billion, with BlackRock’s IBIT alone reaching $3.3 billion in volume.<img loading="lazy" decoding="async" class="size-full wp-image-26738 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/unnamed-36.png" alt="unnamed 36" width="512" height="288" title="2024 U.S. Election Wave Boosts Bitcoin as ETF Inflows Hit Record Highs 59"></p> 
<h2 id="market-analysis-price-and-technical-indicators">Market Analysis: Price and Technical Indicators</h2> 
<p>Bitcoin has risen 1.95% to reach $72,355.19, with a market cap climbing to $1.43 trillion. Trading volume has surged by 10.27%, reaching $52.13 billion. Technical indicators show positive momentum; the <strong>MACD</strong> is trending upward, with the MACD line crossing above the signal line, signaling a bullish outlook. However, the <strong>RSI</strong> has approached 70.64, suggesting an overbought condition and raising the possibility of a market correction.</p> 
<p><img loading="lazy" decoding="async" class="size-medium wp-image-26736 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/unnamed-37.png" alt="unnamed 37" width="512" height="248" title="2024 U.S. Election Wave Boosts Bitcoin as ETF Inflows Hit Record Highs 60"></p> 
<h2 id="political-impact-and-rising-demand-for-bitcoin">Political Impact and Rising Demand for Bitcoin</h2> 
<p>As the U.S. election nears, political factors and market trends are boosting demand for Bitcoin, with strong inflows into <strong>Bitcoin ETFs</strong> reflecting increasing investor interest. The possibility of Trump’s re-election continues to positively shape regulatory expectations, further driving demand for Bitcoin. Over the coming year, it is anticipated that the U.S. election will significantly impact Bitcoin’s price movements.</p> 
<p>For the latest updates, stay tuned to <a href="http://turkishnyradio.com" target="_blank" rel="noopener"><strong>Turkish NY Radio</strong></a>.</p>

2024 U.S. Election Wave Boosts Bitcoin as ETF Inflows Hit Record Highs

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