Bitcoin has recently surpassed its previous all-time high, driven mainly by the results of the US elections and increasing inflows into Bitcoin ETFs. The cryptocurrency had difficulty maintaining the $70k level, reaching $73k briefly before election outcomes were announced.
The CEO of CryptoQuant has made predictions regarding Bitcoin's future trajectory, which suggests an upward movement. Despite the positive outlook, he hopes these predictions may not completely come true, possibly hinting at underlying concerns or volatility within the market.
This development aligns with broader trends where significant political events and economic policies often influence cryptocurrency markets. The US elections appear to have been a catalyst for this recent Bitcoin surge, indicating the currency's sensitivity to geopolitical factors.
