Bitcoin Price Soars Following US Presidential Debate

Money | June 28, 2024, 12:04 p.m.

Subscribe to Alpha Reports for exclusive reports and key insights on airdrops, NFTs, and more to up your game in the cryptocurrency market. The recent surge in Bitcoin, reaching $62,300 before settling at $61,300, reflects positive industry developments such as new ETF filings and favorable regulatory outlooks. Asset manager VanEck's surprise filing for a Solana ETF indicates growing institutional interest in cryptocurrencies beyond Bitcoin and Ethereum, leading to an 8% price jump for Solana. Ethereum also saw gains above $3,400. Market enthusiasm resulted in significant liquidations, with over 33,000 traders liquidated in the past 24 hours, totaling $71.11 million. Bitcoin spot ETFs saw continued net inflows, with Grayscale experiencing an outflow offset by inflows into other funds like Bitwise and Fidelity. Bitfinex analysts suggest a Trump re-election could signal positive regulatory conditions for the US crypto industry. Subscribe now to stay ahead with Alpha Reports.