Bitcoin Surge: The price of Bitcoin has started rising once again and it has reached its highest price in two weeks. You will be surprised to know the reason behind why these prices are rising and showing continuous rise. The reason behind this is China’s stimulus efforts and the expectations of Donald Trump being ahead in the US elections. If you don’t believe then know here-
Bitcoin prices at two-week high
When Bitcoin rates were seen this morning, they have reached a two-week high and have reached $63,890 per barrel. The prices of Bitcoin, the most popular cryptocurrency in the cryptocurrency market, have increased after a long time and have come into discussion because the venture in which Donald Trump has invested is related to cryptocurrency.
Donald Trump is behind the boom in digital assets!
This rise in digital assets is also because the US Presidential elections are approaching and there is a direct contest between Kamala Harris and Donald Trump. Around September 17, Donald Trump has also started a new maneuver, under this, a few days before this important election, former US President Donald Trump has started a new digital currency initiative. After this step and several addresses, he seems to be ahead of Vice President Kamala Harris. Donald Trump launched the crypto platform World Liberty Financial in mid-September and appeared to be a supporter of cryptocurrency in America.
Quoting Bloomberg data, it has been written in Hindustan Times that Bitcoin had started with weakness in the beginning of October but in the last decade it has increased by 20 percent. Caroline Mauron, co-founder of Orbit Markets, said – “Capital rotation from Bitcoin to Chinese equities was previously considered a pressure on crypto prices, however now China’s stimulus incentives can be considered positive news for Bitcoin.”
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