比特币在2024年上涨了USA's spot bitcoin etf had a "big intake" of tens of billions of dollars this month, options traders are even setting their sights on 0.08 million dollars.
On Tuesday, bitcoin broke through $0.07 million for the first time since June, thanks to dedicated ETF inflows and market speculation on the potential outcome of the upcoming USA elections.
As of the Tuesday Asia session, bitcoin once again surpassed the $0.07 million mark, the first time since July. It then retraced some of the gains and hovered around $0.07 million, with the second-ranked token ethereum also experiencing a slight increase in market cap.
Bitcoin rose by 66% in 2024, recently withstanding adjustments related to bets on the Federal Reserve rate cuts and reports of the U.S. federal government investigating crypto company Tether for potential violations of sanctions and anti-money laundering rules.
Some view bitcoin's rise as the so-called 'Trump trade', as Republican presidential candidate Trump accepted digital assets during his campaign. Currently, Trump leads by a wide margin over Democratic presidential candidate Harris in prediction markets, and polls show their support rates are neck and neck.
IG Australia Pty's market analyst Tony Sycamore wrote in a report that the digital currency received help from the overnight surge in U.S. stocks and continues to 'price in a Trump election victory'. He added that bitcoin needs to consistently surpass $0.07 million to boost confidence and surpass the historical record of $73,798 set in March.
Trump vows to make the USA the 'global capital of cryptos', whereas Harris has taken a more cautious approach by promising support for regulation in the industry. However, their positions stand in stark contrast to current U.S. President Biden's crackdown on the industry.
It is worth noting that regardless of who wins the election, options traders have increased their bets on Bitcoin reaching a peak of 0.08 million US dollars by the end of November. The implied volatility of Bitcoin has risen around the election day on November 5th.
Following interruptions earlier this year, the spot Bitcoin ETF in the United States has attracted approximately 3.1 billion US dollars in inflows so far this month. These products have been popular, with sales exceeding 20 billion US dollars this year. Blackrock's iShares Bitcoin Trust is the most successful of the ten ETFs to date.
