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International Business Times
International Business Times
Business
Marvie Basilan

Bitcoin Breaks Above $71K Ahead Of US Elections – New All-Time High Soon?

Bitcoin United States Crypto Donald Trump Elon Musk Matthew Sigel CoinGecko Cryptocurrency VanEck
Bitcoin is on an uptick just a week before the U.S. elections, but is this the beginning of a bull run or a temporary rally? (Credit: IBTimes US)

KEY POINTS

  • Many $BTC holders are expecting the coin to surge further toward a new all-time high
  • Some have urged other Bitcoin users to continue observing as the rally could be 'temporary'
  • Bitcoin's surge triggered an uptick among other top tokens, including $ETH, $BNB, and $DOGE

Bitcoin's struggle to get closer to its all-time high above $73,000 may be ending as it surged above $71,000 late on Monday. With just seven days left before the U.S. elections, and anticipation is building for a potential new all-time high.

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