The price of the leading cryptocurrency nearly touched $69,000 on Friday for the first time in nearly three months, and is still up over 8% on the week at a current price around $68,225. And Bitcoin ETFs took in over $2 billion this week, per data from Farside, with BlackRock’s ETF claiming more than half of that tally.
What prompted the latest Bitcoin boom? Analysts told Decrypt on Friday that the “Trump trade” is back on, with former President Donald Trump’s improving odds in the ever-nearing election pushing investors to bet on the future of Bitcoin. We’ll see how much more Bitcoin can climb with only a couple weeks left ‘til Election Day.
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