Crypto Daily – (BTC) is up more than 2% on Monday having broken out to more than $64,500. With the news that more stimulus is on the way in China, and pro-crypto presidential hopeful Donald Trump is ahead in the polls, investors are perhaps looking to Bitcoin with more optimism going forward.
China and Trump boost Bitcoin
Although concrete figures haven’t been provided by Chinese authorities, a stimulus package was announced on Saturday, which is likely to boost the Chinese stock market, as well as filter into the cryptocurrency sector.
In the US, after what might be termed ‘lacklustre’ interviews by Democratic nominee Kamala Harris, polls are swinging back towards Donald Trump. Polymarket, the world’s largest prediction market, has Trump leading with 54.2%, compared with Harris on 45.3%.
Although democrats do now appear to be slightly more disposed towards crypto, Donald Trump has totally embraced it, and should he win the presidential race, this could…
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