Bitcoin exceeded the level of $67,000
The BTC price traded above $67,000 for the first time in a month and activated discussions regarding another mega bull run similar to 2021, CEO predicts. This impressive climb also took other lesser tokens such as Solana, DOGE, and Avalanche, through an increase of more than 3%.
Impact of A Possible Second Term by Trump
FRNT Financial CEO Stephane Ouellette said that Bitcoin rose due to the probability of Trump winning the election. Taking all these into consideration, one must agree with Ouellette that, if the Trump were to emerge the President, the market would be inclined towards the regulations of the Trump creating a new high ground for Bitcoin.

Is this the beginning of New Bull Market Cycle?
Ouellette also reckons that the new cycle is around the corner as it is in 2021 The assumption is true. Bitcoin achieved this particular in the later part of 2021 and going by the market indicators, an achievement of the same is within reach.
Digital currency decouples from the traditional
Notably, this Bitcoin surge has happened at a time when most of the regular stocks are in the red. This kind of decoupling with the other risk assets has now emerged in the market which will add more fuel to the hope of cyphernauts.
Politics and Their Effect on Bitcoin
Since an attempt that was made to assassinate Trump recently, possibility of a Trump’s victory in the presidency has increased to 63%, from Predict It. This political development has been planned with the background of price hike for Bitcoin by 15%. The Republican’s choice of their vice presidential nominee – JD Vance, who has advocated for the cryptocurrency industry, is another positive factor for the cryptocurrency market.
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