Bitcoin surged past the $71,000 mark on Tuesday morning, sparking a bullish trend among major altcoins just a week before the US elections. This significant growth follows a period of decline last week, influenced by market rumors about a potential investigation into Tether and ongoing conflicts in the Middle East.
The market appears to be responding positively to speculations surrounding the upcoming US elections, as seen in the growing confidence among investors. Bitcoin's leap to $71,075, as tracked by CoinGecko, marks a notable increase after the recent dip.
The broader crypto market has shown resilience, recovering quickly in anticipation of political developments in the US. This highlights the impact of external factors on cryptocurrency prices, as Bitcoin and other major currencies rebalance following geopolitical tensions.
