Market Analysis by Investing.com (Damian Nowiszewski) covering: BTC/USD, ETH/USD. Read Investing.com (Damian Nowiszewski)'s Market Analysis on Investing.com
Ahead of his appearance at a Bitcoin conference, the crypto is eyeing another surge.Several factors could drive this upward trend further, including the start of trading in Ethereum ETFs, a potential victory for Donald Trump in the upcoming presidential election, and the resolution of compensation issues related to the collapsed Mt. Gox exchange.
Such a move would be a monumental boost for the cryptocurrency, potentially propelling prices towards their all-time highs of around $70,000. Despite this smaller scale, the significant capital influx should positively influence demand for Ethereum, especially given its comparatively smaller market capitalization.
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