Proactive - Interviews for investors

Trump Victory odds drive Bitcoin momentum - Crypto Roundup

Episode Summary

Proactive’s Billy Farrington takes Stephen Gunnion through Bitcoin's performance over the past week. Farrington shared that Bitcoin has seen one of its strongest weeks in recent months, rising by 12.5% since last Friday. Despite initial expectations of stability until the US elections, the surge in Bitcoin appears to be influenced by the rising odds of a Donald Trump victory in the upcoming elections. Farrington explained, “Trump has positioned himself as the pro-crypto candidate, which has likely galvanised the Bitcoin price.” Additionally, there has been a revitalization of inflows into Bitcoin ETFs, with approximately $1 billion flowing in this week alone. This resurgence in ETF demand has been a significant tailwind for Bitcoin, according to Farrington, who believes that momentum may continue. Be sure to watch the full video for deeper insights into Bitcoin's market movements, and the potential implications of US political developments. Don’t forget to like this video, subscribe to Proactive's YouTube channel, and enable notifications to stay updated on all future content. #Bitcoin #CryptoNews #BitcoinETF #ProCrypto #USPolitics #CryptoMarket #BitcoinSurge #Cryptocurrency #BTC #ETFinflows #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews