This week, Bitcoin's price has surpassed the $68,000 mark several times. Analysts attribute this to the positive performance of Asian stock markets, driven by expectations of expanded stimulus measures from Chinese authorities.

Currently, the total market capitalization of digital assets stands at $2.45 trillion, with Bitcoin's dominance index at 59%. Moreover, all top 10 digital assets by market capitalization have moved into the "green zone" following Bitcoin's lead.

One of the largest U.S. investment firms, Alliance Bernstein, has linked the rise in bullish sentiment to Donald Trump's lead over Kamala Harris in the presidential race. The firm had earlier predicted that the price of Bitcoin could reach $80,000–$90,000 in the event of a Republican victory.

According to their analysis, the surge in Bitcoin’s price is directly tied to Trump's increased chances of winning the presidency. While both candidates have expressed support for digital assets, the stakes in the cryptocurrency market are higher due to Trump's success in the race.

Selwix analysts, who also closely monitor current market trends, have noted an increase in inflows into spot Bitcoin ETFs, reaching $555.9 million on October 14th — the highest since June 4th.

The combination of these factors allows us to forecast Bitcoin's behavior in the near future, and with that, the opportunity for additional profits!

Selwix — your guide to the world of cryptocurrencies!