After a prolonged stretch of sideways and bearish price action, Bitcoin (BTC) looks ready to challenge its all-time high of $73,700, with prices currently hovering above $71,000. Since a September plunge to $53,000, BTC has been rallying and just surpassed $70,000.<\/p>\n\n\n\n
Supporting this surge may be new rate cuts from major Western central banks (excluding Japan), China\u2019s fiscal and monetary stimulus, and big inflows into US spot Bitcoin ETFs. The US election season adds further intrigue, especially with pro-crypto candidate Donald Trump making headway.<\/p>\n\n\n\n
It will be a pivotal week ahead due to the US elections on November 5, the Fed’s rate decision on November 6, and the October employment report on November 8\u2014all crucial events that could shape Bitcoin’s next movements.<\/p>\n","protected":false},"excerpt":{"rendered":"
After a prolonged stretch of sideways and bearish price action, Bitcoin (BTC) looks ready to challenge its all-time high of $73,700, with prices currently hovering above $71,000. Since a September plunge to $53,000, BTC has been rallying and just surpassed $70,000. Supporting this surge may be new rate cuts from major Western central banks (excluding […]<\/p>\n","protected":false},"author":93,"featured_media":40379,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14714],"tags":[6467,6602,6536],"class_list":["post-42976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-crypto","tag-market-update","tag-news"],"acf":{"key_takeways":false,"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."},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/42976","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=42976"}],"version-history":[{"count":2,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/42976\/revisions"}],"predecessor-version":[{"id":42979,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/42976\/revisions\/42979"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/40379"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=42976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=42976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=42976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}