Bitcoin Approaches $70,000 With Speculators Eyeing Record Highs
- Largest cryptocurrency is trading at the highest since July
- Pledge by Harris to support regulation adds to optimism
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Bitcoin bulls are setting their sights again on the record highs reached in March with optimism building around riskier assets and the looming US elections.
“After six months of price consolidation this year, the stage is set for a perfect storm in favor of Bitcoin and other crypto assets,” wrote Blockforce Capital’s Brett Munster. He cited a rise in global liquidity, including from China, which has been offering a raft of stimulus measures in recent days in an attempt to boost its economy.