Bitcoin surged on October 21 to the highest in three months to $69,400 on the back of growing optimism over both U.S. political developments and huge ETF inflows. It’s up 18% since Oct. 10, riding positive sentiment related to potential regulatory changes and increasing support for pro-crypto policy, especially those linked to the improving odds regarding the election of Donald Trump.
Now changing hands for $69,100, bitcoin earlier touched $69,487 in the session, its highest in three months. It rose 9.6% last week alone, and is up over 8% on the month.
“Things are looking pretty good for Bitcoin at the moment and I think it’s got further upside,” said Tony Sycamore, a market analyst at IG in an interview with Reuters. Other major cryptocurrencies, such as Ether and Solana, have risen to extend the Bitcoin rally into the $70,000 neighborhood, according to Bloomberg.
