Reported about 1 month ago
On October 21, 2024, Bitcoin surged past $69,000 but subsequently corrected to around $67,510 due to market volatility. This initial spike may have been influenced by macroeconomic factors, including the potential return of former President Donald Trump in the 2024 U.S. elections, which historically boosts Bitcoin confidence. Despite concerns from some investors about the sharp decline, analysts suggest that this behavior is typical for the cryptocurrency market, with overheating and technical resistance likely contributing to the drop. Many experts remain optimistic about Bitcoin's long-term prospects, citing support levels and potential for future gains.
Source: YAHOO