3 Reasons Why A Bitcoin All-Time High Before The Election Is Back In Play

Bitcoin (CRYPTO: BTC) might be on the brink of hitting its highest value ever as the U.S. presidential election approaches.

What Happened: According to a prediction from Standard Chartered’s Geoff Kendrick, as reported by The Block, Bitcoin could reach its previous peak of $73,800, citing several factors:

• A steepening U.S. Treasury yield curve: the yield curve shift, driven by stronger-than-expected U.S. CPI data, indicates market volatility and opens up the possibility of slower interest rate cuts.
• Growing interest in Bitcoin spot ETFs: U.S. spot Bitcoin ETFs experienced their largest single-day net inflows since …

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