Bitcoin has risen sharply in price”/>
The Bitcoin rate continues to show positive dynamics, showing significant growth throughout the day. Having started trading at $62,500, the leading cryptocurrency managed to overcome several key marks, reaching a value of $66,000 by the evening, Day.Az reports with reference to ixbt.com.
This upward movement has sparked lively discussions among market participants about the possible start of a new rally. However, experienced analysts warn against excessive optimism, recalling that periods of high expectations often precede corrections in the cryptocurrency market.
A key factor that may determine the future movement of Bitcoin is the upcoming US presidential election. Particular attention is paid to the possible return of Donald Trump to the presidency, which, according to some experts, could become a catalyst for a significant increase in the cryptocurrency rate.
Despite the current optimism, investors are advised to exercise caution and consider the high volatility of the cryptocurrency market. Upcoming political events in the United States could have a significant impact on Bitcoin dynamics, both positively and negatively.