Bitcoin demand rises, echoing 2016 election trends as Trump’s re-election odds grow.
Record ETF inflows boost Bitcoin market confidence, reflecting strong investor interest.
Technical indicators present mixed signals, with MACD suggesting upward momentum and RSI hinting at a potential pullback.
Bitcoin’s price and demand are on the rise, echoing patterns seen during the 2016 U.S. presidential election cycle. For the upcoming 2024 U.S. presidential elections, however, betting markets place former President Donald Trump’s re-election odds at 66.5%, fueling optimism around Bitcoin and expectations of favorable regulatory shifts, leading to a bullish outlook among investors.
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– Oct 30: #Bitcoin Demand Soars as Trump Election Odds and #ETF Buys Rise#cryptomarket #MarketTrends #MarketInsights #CryptoInvesting #BTC #BTCETF #USElection2024 #Trump2024 pic.twitter.com/ej06X3LEoy
— Matrixport Official English (the only official X) (@Matrixport_EN) October 30, 2024
As Bitcoin demand strengthens, recent inflows into Bitcoin exchange-traded funds (ETFs) add to the cryptocurrency’s momentum, potentially setting up another price rally similar to…
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