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Bitcoin’s price surged above $62,000 due to Trump-related market sentiment
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Trump’s pro-crypto stance has boosted the crypto community’s confidence
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Analysts predict Bitcoin may continue to rally towards $70,000
Bitcoin’s price has jumped above $62,000, driven by a shift in market sentiment following an attempt on former US President Donald Trump’s life. Trump’s pro-crypto stance has energized the crypto community, pushing Bitcoin’s price up from a recent low of $53,000.
Analysts believe Bitcoin may continue to rise towards $70,000, supported by long-term holders who are accumulating the asset. On-chain data shows that the supply of Bitcoin held by long-term investors is at an all-time high, indicating strong confidence in its long-term potential.
The crypto market is also optimistic about the approval of spot Ether ETFs, which could boost interest in Ethereum. Meanwhile, a blockchain payment network backed by JPMorgan, DBS, and Standard Chartered has raised $60 million in Series B funding to enhance its capabilities in intraday foreign-exchange swaps and cross-currency repurchases.
