Bitcoin Surpasses $71,000 Amidst Election Anticipation and MicroStrategy Earnings Surge
Key Highlights
Bitcoin briefly climbed above $71,000 amid election and earnings speculation
The price of bitcoin rose around 5% to $71,300.00 according to Coin Metrics
$Coinbase (COIN.US)$ rose 5%, and $MicroStrategy (MSTR.US)$ surged nearly 9% in regular trading on Monday
Bitcoin last reached $71,000 in June and set a record of $73,797.68 in March
Bitcoin's range has been between $55,000 and $71,000, with a breakout potentially looming
Election outcome, featuring Donald Trump and Kamala Harris, could impact crypto market dynamics
MicroStrategy recorded its highest close since March 2000, extending a seven-week winning streak.
Bitcoin briefly climbed above $71,000 amid election and earnings speculation
The price of bitcoin rose around 5% to $71,300.00 according to Coin Metrics
$Coinbase (COIN.US)$ rose 5%, and $MicroStrategy (MSTR.US)$ surged nearly 9% in regular trading on Monday
Bitcoin last reached $71,000 in June and set a record of $73,797.68 in March
Bitcoin's range has been between $55,000 and $71,000, with a breakout potentially looming
Election outcome, featuring Donald Trump and Kamala Harris, could impact crypto market dynamics
MicroStrategy recorded its highest close since March 2000, extending a seven-week winning streak.
Why This Matters
Bitcoin's high price boosts investor confidence amidst a volatile economic climate
The upcoming election might significantly affect regulatory policies in the crypto sector.
Bitcoin's high price boosts investor confidence amidst a volatile economic climate
The upcoming election might significantly affect regulatory policies in the crypto sector.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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