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Bitcoin surged on Wednesday, approaching its all-time high as investors bet on a potential pro-crypto shift in U.S. policy depending on the outcome of the upcoming presidential election. The world\u2019s largest cryptocurrency rose 2% to $72,456.80, close to its record peak of $73,798.<\/p>\n\n\n\n
Bitcoin Rallies on Trump\u2019s Pro-Crypto Position<\/strong> Altcoins Show Mixed Performance Amid Economic Caution<\/strong> Despite the overall positive sentiment, investors remain cautious ahead of several crucial economic indicators and central bank meetings. The Federal Reserve is expected to meet next week and may implement a modest 25 basis point rate cut. Additionally, China\u2019s National People\u2019s Congress will convene to discuss further fiscal measures, while the Bank of Japan and the Reserve Bank of Australia will each meet in the coming days to review their monetary policies.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin surged on Wednesday, approaching its all-time high as investors bet on a potential pro-crypto shift in U.S. policy depending on the outcome of the upcoming presidential election. The world\u2019s largest cryptocurrency rose 2% to $72,456.80, close to its record peak of $73,798. Bitcoin Rallies on Trump\u2019s Pro-Crypto PositionBitcoin’s recent gains are largely attributed to …<\/p>\n","protected":false},"author":9,"featured_media":44550,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[9231],"class_list":["post-107617","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-bitcoin-price"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=107617"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107617\/revisions"}],"predecessor-version":[{"id":107618,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107617\/revisions\/107618"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/44550"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=107617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=107617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=107617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Bitcoin’s recent gains are largely attributed to increasing expectations that Donald Trump will win the presidential race against Kamala Harris. Trump\u2019s campaign has emphasized a pro-crypto stance, with vague promises of favorable regulations and a vision to make the U.S. the \u201cBitcoin capital of the world.\u201d This stance marks a shift from Trump\u2019s prior skepticism about Bitcoin, which he had previously labeled as a \u201cscam.\u201d Harris, meanwhile, has pledged to introduce a crypto regulatory framework, signaling some bipartisan support for the industry regardless of the election’s outcome.<\/p>\n\n\n\n
Broader crypto markets followed Bitcoin’s lead, although altcoins showed a mixed performance. Ethereum rose 0.9% to $2,643.61, while XRP, MATIC, and ADA logged modest gains. However, SOL slipped 1.1%, reflecting profit-taking by traders after a recent rally. Meme coin Dogecoin stood out with a 6.8% gain, continuing its recent upward momentum.<\/p>\n\n\n\n