Bitcoin broke through a price barrier in the past 24 hours, with its value soaring to a high of $66,000. This upward movement marks the end of a period of stagnation for the cryptocurrency, and a boost for investors, as October typically yields strong gains. Market optimism has been revived thanks to the “Uptober” narrative, which claims that Bitcoin’s bull run could continue. This trend could be driven by pro-crypto rhetoric from US presidential candidates Kamala Harris and Donald Trump. Analysts are also focusing on other factors like shifting sentiment and global economic developments, which they say could have influenced Bitcoin’s performance.
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