On Tuesday, bitcoin reached its highest price in the last 2.5 months amid record inflows into ETFs, which was the highest since June.
Larry Fink, the head of BlackRock, expressed confidence in the further growth of BTC. Bernstein analysts attribute the current rise in the price of bitcoin to an increase in the chances of Donald Trump winning.
Kamala Harris has announced her support for cryptocurrencies for black investors. SUI insiders were accused of selling $400 million worth of coins.
According to SoSoValue, on October 14, the inflow of funds into spot bitcoin ETFs in the United States increased to $555.9 million, which was the highest since June 4. In one day, the receipts almost doubled compared to the entire previous week. Since the approval of the bitcoin ETF in January, the amount of funds raised amounted to $19.36 billion (+2.9% per day).
Interest in bitcoin has increased dramatically, with the fastest growth rate since April 2024, CryptoQuant adds. Open interest in derivatives has reached a record $19.8 billion.
