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Bitcoin Surges Back Above $69,000 Following Friday Dip

After dipping to $65,590 on Friday evening, Bitcoin has bounced back. The brief decline, triggered by news surrounding Tether, has now reversed, with Bitcoin rallying over the weekend. A mix of market factors, including Donald Trump’s lead in polls and betting platforms, is helping boost Bitcoin's price.

For the first time since October 20, Bitcoin has reached $69,000. Following Friday’s Tether-related report by the Wall Street Journal, Bitcoin dropped to $65,590 but rebounded over the weekend, surpassing $69,000 about an hour before the US market opened on Monday.

Key factors supporting Bitcoin’s strength include a drop in Middle Eastern geopolitical tensions and Trump’s steady rise in polls as a presidential candidate. On Friday night, news emerged that US prosecutors were investigating Tether, but this was quickly dismissed by Tether’s CEO, Paolo Ardoino. Around the same time, Israel launched an airstrike on Iran; however, tensions did not escalate, partly due to US warnings against targeting Iran’s oil and nuclear facilities.

Trump’s Momentum in the Polls

Despite some skepticism about polling accuracy, Trump continues to lead over Kamala Harris on major betting platforms and in polls. For example, on the Polymarket betting site, Trump holds a 30% lead over Harris. Her recent public appearances and speeches have reportedly received mixed reactions, even among her supporters.

This political climate in the US is contributing to Bitcoin's resilience around the $70,000 mark.#Write2Earn! #BTC☀ #Write2Earn! #bitcoin☀️ #Write2Earn!