• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin's Surge: ETFs, Elections, and Economic Factors

user avatar

by Giorgi Kostiuk

8 months ago


For the first time since June, Bitcoin has crossed the $71,000 mark. This surge is fueled by several factors, including ETF inflows and the anticipation surrounding the US elections.

Impact of ETF Inflows

A significant factor behind Bitcoin's rise is the influx of capital into Bitcoin ETFs. Over the past two weeks, approximately 47,000 BTC has flowed into these ETFs, indicating strong institutional support. Total trading volume reached $48 billion, nearly doubling from earlier levels, showcasing market dynamism.

Election Sentiment and Speculation

The upcoming US presidential election is also influencing Bitcoin's price. Republican nominee Donald Trump's pro-crypto stance is generating positive market sentiment. Bitfinex analysts note a potential Trump victory could push Bitcoin beyond $75,000 by Election Day and up to $125,000 if Republicans gain Congressional control.

Technical Indicators and Outlook

Technical analysis supports the upward momentum: the formation of a 'golden cross,' where the 50-day moving average surpasses the 200-day, has traditionally signaled sustained growth. Traders remain optimistic about new highs by year-end.

A combination of factors, including ETF capital inflows, US election expectations, and positive technical indicators, create a favorable outlook for Bitcoin. Potential rate cuts by the Fed and corporate interest further support growth forecasts.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

President Signs GENIUS Act to Regulate Stablecoins

chest

Signed by President Trump, the GENIUS Act introduces new stablecoin regulations in the U.S. with a focus on 100% reserve backing.

user avatarGiorgi Kostiuk

Forecast of Dogecoin Growth to $7: What to Expect

chest

Analyst Kaleo believes Dogecoin may reach $7, based on historical data and current market trends.

user avatarGiorgi Kostiuk

High Transaction Fee on Cardano Network: Causes and Consequences

chest

A recent transaction on the Cardano network with a fee of 3.7 million ADA has drawn attention and raised questions about network reliability.

user avatarGiorgi Kostiuk

GENIUS Act Signed: New Horizons for Crypto Regulation in the U.S.

chest

President Trump signs the GENIUS Act, promising regulatory clarity for cryptocurrencies and protection for stablecoin holders.

user avatarGiorgi Kostiuk

Court Dismisses Donald Trump's Lawsuit Against Journalist Bob Woodward

chest

The court dismissed Donald Trump's lawsuit against Bob Woodward, emphasizing journalists' rights to use content from presidential interviews.

user avatarGiorgi Kostiuk

Traders Optimistic: Top 7 Meme Coins with 100x Potential

chest

This article features meme coins that have the potential for high returns in 2025.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.