The price of Bitcoin reached a new all-time high this morning, with prices soaring to around $75,005.08 per 1 BTC, surpassing the previous record of $73,797.98 in March.
Key factors influencing Bitcoin prices include the upcoming US presidential election. Analysts believe that if Donald Trump from the Republican party wins, there could be policies that lead investors to seek alternative assets, benefiting the demand for digital assets.
Prior to this, Trump himself has declared support for Bitcoin and various cryptocurrencies.
Source: Barron’s Image by Gage Skidmore/Flickr (CC BY-SA 2.0)
TLDR: Bitcoin hits new record high, potential impact from US election outcome, Trump’s support for cryptocurrencies.
Leave a Comment