What is causing Bitcoin to surge in October 2024?
Why are bitcoin prices rising?
Once confidence prices went up again and these two-week fundamentals went up again. You can know here the reason why these prices are rising rapidly and why they are continuously increasing. The price of Bitcoin has started rising once again and it has reached its highest price in two weeks. You will be surprised to know the reason behind why these prices are rising and showing continuous rise. The reason behind this is China’s stimulus efforts and the expectations of Donald Trump being ahead in the US elections.
Bitcoin Prices at Two-week High
If we look at Bitcoin rates this morning, they have reached a two-week high and have reached $65,218 per Bitcoin. The prices of Bitcoin, the most popular cryptocurrency in the cryptocurrency market, have increased after a long time and have come into discussion because the venture in which Donald Trump has invested is related to cryptocurrency.
Are the prices of digital assets rising rapidly because of Donald Trump?
This rise in digital assets is also because the US Presidential elections are approaching. And there is a direct contest between Kamala Harris and Donald Trump. Around September 17, Donald Trump has also started a new maneuver. under this, a few days before this important election, former US President Donald Trump has started a new digital currency initiative. After this step and several addresses, he seems to be ahead of Vice President Kamala Harris. Donald Trump launched the crypto platform World Liberty Financial in mid-September and appeared to be a supporter of cryptocurrency in America.
Quoting Bloomberg data, it has been written in Hindustan Times that Bitcoin started with weakness in the beginning of October. But in the last 2 weeks it has increased by 20 percent. Caroline Mauron, co-founder of Orbit Markets, said – “Capital rotation from Bitcoin into Chinese equities was previously considered a drag on crypto prices. However, China’s stimulus can now be considered positive news for Bitcoin.”
Can the price of Bitcoin increase in the coming days?
Will we see a rise in the price of Bitcoin or not? No one can guess this. Because this is a volatile market. Before investing money in it, you must follow the rules of your government. Investing money in Bitcoin can be risky. So, you have to follow all the guidelines for this. It can only be hoped that by the end of March 2025, Bitcoin may once again see a rise.
