{
}
Bitcoin is experiencing a significant rally, often referred to as the quintessential Trump trade, with its price nearing the March all-time high of approximately $73,160 after a remarkable 37.3% increase since early September. The largest cryptocurrency has surpassed $72,000 for the first time since April, driven by inflows into dedicated exchange-traded funds and speculation surrounding the upcoming US elections.
Bitcoin surpassed $70,000 for the first time since June, driven by inflows into dedicated exchange-traded funds and speculation surrounding the upcoming US election. The largest cryptocurrency climbed approximately 1% before settling at $69,840 in Singapore, while smaller tokens like Ether also saw modest gains.
Options traders are increasingly betting on Bitcoin reaching a record high of $80,000 by the end of November, regardless of the outcome of the US presidential election. The implied volatility for Bitcoin options set to expire around the November 5 election is elevated, with a notable preference for call options, which allow buyers to purchase the cryptocurrency at new highs.
Bitcoin
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
bitcoin surges towards all time high ahead of us elections
05:56 30.10.2024
bitcoin surpasses seventy thousand dollars as us election approaches
00:42 29.10.2024
bitcoin options traders anticipate surge to 80000 amid election uncertainty
16:24 22.10.2024
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
Banking Regulations
Global Trade Developments
Market Analysis and Predictions
CEO Changes
Industry Mergers & Acquisitions
Supply Chain Management
Startups & Entrepreneurship
Workplace Trends
Government Economic Policies
Central Bank Actions
Banking & Investment Regulations
Financial Scams and Security
Global Trade Policies
European Securities and Markets Authority
Countries:
Companies:
BNP Paribas SA
Raiffeisen Bank International AG
Deutsche Bank RV Global PP
Tesla, Inc.
Strabag SE
Apple Inc.
JPMorgan Chase & Co.
Barclays PLC
Citigroup Inc.
Bank of America Corporation
Kering S.A. (ADRs)
Berner Kantonalbank AG
UBS Group AG
NVIDIA Corporation
Microsoft Corporation
Morgan Stanley
UniCredit S.p.A.
Lam Research Corporation
Berkshire Hathaway Inc.
M&T Bank Corp.
Currencies:
United States Dollar
Euro
Chinese Yuan
Swiss Franc
British Pound Sterling
Indian Rupee
Japanese Yen
Vietnamese Đồng
Hong Kong Dollar
Australian Dollar
Russian Ruble
Brazilian Real
Filipino Peso
Malaysian Ringgit
United Arab Emirates Dirham
South African Rand
Indonesian Rupiah
South Korean Won
People: