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Bitcoin Nears $70K Amid Record Open Interest at $40B as Trump-Harris Election NearsUptober Forming Amid Rising Stablecoin Liquidity and Bitcoin Transactions
Coin Desk
Coin Desk
-October 21, 2024

Bitcoin Nears $70K Amid Record Open Interest at $40B as Trump-Harris Election NearsUptober Forming Amid Rising Stablecoin Liquidity and Bitcoin Transactions

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Bitcoin's Bullish Momentum: What You Need to Know Right Now

Bitcoin just popped up 1.5% in the last day, hitting close to $70K! This spike is backed by loads of new money entering the market—think futures bets skyrocketing over $40 billion. Major traders are feeling optimistic as they eye the upcoming U.S. elections and potential crypto-friendly policies.

Solana and Memecoins Are Giving Us Life

The crypto party isn’t just about Bitcoin; Solana shot up over 7%, thanks to a wild memecoin trend that’s all about AI. Other big players like Ethereum, Cardano, and even Dogecoin are riding this wave. It's like a crypto renaissance, and everyone's invited!

Election Fever: How Politics Could Affect Crypto

With the U.S. elections around the corner, traders are buzzing. A Trump victory could mean game-changing reforms for crypto, so eyes are glued to the polls. It’s not just politics; global trends from Japan and China are also fueling optimism across the board.

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This news report is reproduced from the original source without any modifications by MATA. MATA has solely condensed the news for the purpose of brevity

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