Bitcoin tops $70,000 for first time since June as US election nears

Quick Summary:

Anticipations of a Trump victory, favorable to digital assets, and elevated implied volatility ahead of the US election have boosted Bitcoin.

Bitcoin surged past $70,000, driven by inflows into ETFs and election-related speculation.

Traders are betting it could reach $80,000 by November's end, supported by strong ETF inflows and a 66% rise in 2024.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Bloomberg

Category: EconomyBusiness

Markets: IndiaAustraliaSingapore

Topics: Tether Bitcoin US election Donald Trump Ether Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 10:11:47 (3 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 391 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23323015

View Article Analysis

About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 6 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 1 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

Publisher Details

Frequently Asked Questions