Bitcoin has broken past the $69,000 mark for the first time in three months. The surge points to the possibility of new all-time highs as bullish momentum gains strength. The OND quarter (October-November-December) has historically been a bullish period, particularly in a Bitcoin halving year, adding further weight to this upward trend.
Adding to the optimism, the USDT market cap has hit a record $120 billion, reinforcing its position as the world’s largest stablecoin. This growing demand for stablecoins underscores confidence in the broader crypto market, further hinting at a possible continuation of Bitcoin’s upward trajectory. With gold consistently reaching new all-time highs, Bitcoin—often dubbed “digital gold”—may soon follow suit.
The ongoing US election campaign is adding fuel to the bullish outlook. Prediction markets are showing increased odds of a Trump victory, which has excited the crypto community. Trump has openly supported the idea of making crypto central to America’s economic future, even going so far as to suggest repaying the US national debt using crypto. This pro-crypto rhetoric has further energized market participants, contributing to heightened optimism.
