Bitcoin price rises to $63k on positive payrolls data and election outlook

From Investing.com

October 7, 2024 01:28:53 AM:

Bitcoin’s price jumped on Monday, backed by U.S. economic strength. Betting markets favor Trump over Harris. Bitcoin up 2.7% to $63,558.3. Polymarket gives Trump 50.6% chance of winning 2024 election. Trump’s pro-crypto stance gains support after rally with Elon Musk’s endorsement.

Altcoins rise in sync with Bitcoin, as risk sentiment improves. Ethereum at $2,487.07, while other altcoins see gains. Crypto market awaits more cues on U.S. economy this week, after bets on rate cuts were wiped out. Fed officials to speak, inflation data to be released.

Read more at Investing.com: rises to $63k on payrolls cheer, election outlook By Investing.com