Bitcoin price steady at $67k, set for strong week with focus on US election

From Investing.com

October 18, 2024 01:23:51 AM:

Bitcoin’s price rose slightly, heading for strong weekly gains on speculation of a potential Trump victory. It hit its highest level since late-July, trading at $67,733.1, up over 7% for the week. Factors such as a Trump victory, Harris’s regulatory pledges, and Mt Gox extending token returns bolstered sentiment.

Bitcoin was buoyed by speculation of a Trump victory, with online betting markets favoring him. Harris had a slight lead in some polls, but Trump’s pro-crypto stance was welcomed. Altcoins, however, lost steam with Ethereum dropping 0.4% to $2,618.86, while meme token Shiba Inu rose 6.8%.

Read more at Investing.com: steady at $67k, set for strong week with focus on US election By Investing.com