Overview

• Bitcoin's price recently peaked at nearly $69,400 before retreating to around $67,000, reflecting high market volatility.
• Analysts attribute the price movements to increased stablecoin liquidity, tight exchange supply, and anticipation of FTX creditor settlements.
• U.S. spot Bitcoin ETFs have seen significant inflows, with $2.4 billion entering over six days, driven by expectations of a Republican election victory.
• Market sentiment remains influenced by geopolitical tensions and the upcoming U.S. elections, with both Trump and Harris seen as crypto-friendly candidates.
• Despite recent dips, analysts remain optimistic about Bitcoin reaching new highs, with key resistance levels approaching $70,000.