With Bitcoin sitting near $70K, is $100K the next stop? How will the U.S. election, ETF approvals, and market sentiment impact its future path?

Bitcoin is bitcoining 

Bitcoin (BTC) has been on an impressive bull run, gaining over 2% in the past week as the “Uptober” effect sweeps through the crypto market.

As of Oct. 21, BTC is trading at $67,100—a level it hasn’t seen since late July, marking a 3-month high. In fact, BTC briefly touched $69,500 before retreating as bears stepped in to curb the rally.

The market sentiment is shifting fast, too. The crypto fear and greed index now sits at 63, signaling “greed,” a sharp contrast to the yearly low of 26 on Sep. 7, when fear dominated the market.

Investors seem optimistic, especially with the U.S. presidential election just around the corner on Nov. 5. Former President Donald Trump, who has proposed crypto-friendly policies, is gaining momentum in election polls.

Many believe his potential win could push Bitcoin to new heights, as his policies are seen as beneficial for the crypto industry.

So, what’s next for BTC? With key economic events on the horizon and a highly charged political arena, where might BTC head in the coming days? Let’s find out.

Spot Bitcoin ETFs gain traction as positive changes roll in

In a big win for the Bitcoin market, spot Bitcoin exchange-traded funds are set to see more action, thanks to a recent rule change by the U.S. Securities and Exchange Commission.

On Oct. 18, the SEC Go to Source to See Full Article
Author: Ankish Jain