Bitcoin Spikes Above $68,000: These Macro Indicators Are Key To New All-Time Highs
Posted On October 28, 2024
Bitcoin (CRYPTO: BTC) has surged to $68,770 in Monday morning trading, up 1.7% over the past 24 hours as Donald Trump’s chances of winning the 2024 election continue to rise.
What Happened: The apex crypto is up 4.8% over the past 30 days as traders are looking for the “Trump trade” to play out in light of the GOP’s increasing chances. It is only better by two other cryptocurrencies in the top 10: Solana (CRYPTO: SOL), up 11.6% over the past 30 days and Dogecoin (CRYPTO: DOGE), up 18.8% over the same timeframe.
Benjamin Cowen, CEO and founder of IntoCryptoVerse, highlighted on X how labor market data might shape the …
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