Bitcoin Bulls Aim for $70,000 as Election Optimism Boosts Risk Appetite

Bitcoin Bulls Aim for $70,000 as Election Optimism Boosts Risk

Bitcoin’s Surge: Factors Driving the Price Rally

Rising Global Liquidity Boosts Bitcoin

The cryptocurrency market sees a surge as global liquidity increases, spurred by central banks injecting capital into economies. This trend historically correlates with significant gains in Bitcoin’s price.

Regulatory Support Bolsters Optimism

Vice President Kamala Harris pledges to establish a regulatory framework for cryptocurrencies, addressing long-standing concerns in the sector about regulatory ambiguity in the US.

Italy’s Digital Tax Plan Sparks US Concerns

Italy’s decision to enhance its digital services tax as part of the 2025 budget sparks tensions with the US, potentially leading to retaliatory actions. The move aims to boost revenue but risks upsetting international trade relations.

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