As the U.S. heads into one of its most heated elections, Bitcoin has smashed the $70,000 mark, driven by a wave of enthusiasm and speculation around the election outcome. One more reason that spiked the king crypto prices is Donald Trump leading in polls with a 62.9% chance of victory over Kamala Harris at 37.2%.
Source: Polymarket
The 2024 election has witnessed crazy voter engagement and candidates also have amplified their voices on social media. Donald Trump tweeted earlier today, saying:
“It is now officially ELECTION DAY! This will be the most important day in American History. Voter enthusiasm is THROUGH THE ROOF because people want to Make America Great Again. That means lines are going to be long! I need you to deliver your vote no matter how long it takes. STAY IN LINE! The Radical Communist Democrats want you to pack up and go home. Together, we are going to have a tremendous victory and MAKE AMERICA GREAT AGAIN!”
Kamala Harris also rallied her supporters with a motivational tweet:
“Knock on doors. Call voters. Reach out to friends and family. Together, we will write the next chapter of the greatest story ever told.”
Bitcoin price surge is linked to Trump’s potential win, as many investors and community members view his policies could give long-term growth for crypto market and also reduce the regulatory hurdles. Trump’s lead in the polls has instilled confidence among conservative investors, further propelling Bitcoin’s price.
Source: Tradingview
Analysts have forecasted a 10% move in either direction, so if the price goes to the upside, investors may witness a new all-time high in BTC price above $75K mark.
At the time of writing Bitcoin’s price was trading at $69,500 with an intraday gain of 2.55% showcasing bullishness on the technical chart. Moreover, the RSI is also heading in an upward direction indicating bullish moves.
Also Read: Brace, Brace, Brace: Says Crypto Hours Before US Elections
