Bitcoin is currently priced above $62k, experiencing a surge following an assassination attempt on the former U.S. President Donald Trump. The incident has significantly influenced market sentiment, as Trump’s odds of winning the 2024 election have risen to 70%, according to various analyses. Trump’s pro-crypto stance, emphasizing the protection of an individual\u2019s right to own crypto assets, has further fueled positive sentiment within the crypto community. This has propelled Bitcoin’s price from a recent low of $53,000.<\/p>\n\n\n\n
Analysts suggest that Bitcoin may be poised for a rally towards $70,000 as long-term holders continue to accumulate the asset. On-chain data reveals that the supply of Bitcoin held by long-term investors has reached an all-time high, indicating strong conviction in the asset’s long-term potential.<\/p>\n\n\n\n
Meanwhile, the German government has sold off its remaining Bitcoin (BTC) holdings, marking the end of its foray into crypto investments. The proceeds from the sale were transferred to the federal budget.<\/p>\n\n\n\n
In other developments, Partior, a blockchain payment network backed by JPMorgan, DBS, and Standard Chartered, has secured $60 million in Series B funding led by Peak XV Partners. The joint venture aims to establish unified blockchain-based interbank payment rails for instant clearing and settlement. The newly raised capital will be used to enhance Partior’s capabilities in intraday foreign-exchange swaps and cross-currency repurchases.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin is currently priced above $62k, experiencing a surge following an assassination attempt on the former U.S. President Donald Trump. The incident has significantly influenced market sentiment, as Trump’s odds of winning the 2024 election have risen to 70%, according to various analyses. Trump’s pro-crypto stance, emphasizing the protection of an individual\u2019s right to own […]<\/p>\n","protected":false},"author":93,"featured_media":40790,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14714],"tags":[],"class_list":["post-40787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis"],"acf":{"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment\/financial advice from CoinSwitch. Any action taken upon the information shall be at the user\u2019s risk.","key_takeways":false},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/40787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=40787"}],"version-history":[{"count":5,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/40787\/revisions"}],"predecessor-version":[{"id":40797,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/40787\/revisions\/40797"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/40790"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=40787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=40787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=40787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}