Before the USA election, the world's largest bitcoin ETF saw record inflows of funds.
Both presidential candidates' prospects are bullish for encrypted assets, with strong demand driving the influx of $0.872 billion into Blackrock's iShares Bitcoin Trust ETF, the world's largest bitcoin ETF, on Wednesday.
Bitcoin Nears All-Time High: The New Gold?
Approaching historical highs! Bitcoin surged 13% this month, has Trump's trade stabilized?
① The price of bitcoin broke through $73,000 earlier on Wednesday, only a few hundred dollars away from its all-time high; ② The upward trend of bitcoin represents the market's bet on Trump's victory on one hand, but also considers hedging against inflation on the other hand.
The 'Trump trade' is heating up! Bitcoin breaks through $0.07 million for the first time since June.
①As the usa election approaches, bitcoin once rose to above 0.07 million US dollars on Monday; ②The election result is widely seen as a key catalyst for the rise in bitcoin prices; ③Options traders have also been increasing their bets: regardless of who wins the usa election, bitcoin is expected to reach 0.08 million US dollars by the end of November, hitting a record high.
Bitcoin soared to nearly $70,000 once! Trump continues to attract capital bets.
On Monday, the price of bitcoin reached a new high since June, which is related to the significant inflow of funds into the bitcoin etf last week. Investors are even more bullish on the possibility of Trump winning the US presidential election, which is the underlying logic behind this bitcoin price increase.
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