Bitcoin surprises the markets and breaks the $71,000 barrier for the first time since June.

Bitcoin surprises the markets and breaks the $71,000 barrier for the first time since June.
البيتكوين

The digital currency Bitcoin made a strong leap in evening trading yesterday, nearing the $71,000 level, and increased its gains in Tuesday morning trading, breaking above its highest level since June, as the date for the U.S. presidential elections approaches.

In this context, Bitcoin has received support from the increasing likelihood of Democratic candidate Donald Trump winning the U.S. presidency, as Trump stated last night that the number of votes for Democrats is expected to rise in order to save the situation in the United States under the current Biden administration.

Additionally, Bitcoin Exchange Traded Funds (ETFs) have seen strong inflows recently, reflecting an increasing interest from investors to buy Bitcoin after the U.S. regulatory body approved the listing of spot Bitcoin funds on the U.S. stock exchange earlier this year.

In terms of cryptocurrency market trading today, Bitcoin surged by approximately 3.675, trading around $71,032.43 (according to coinmarketcap).


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