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BTC did not disappoint expectations. Around 6 AM this morning, the price once again broke through $70,000, briefly exceeding $71,000, with a 24-hour increase of over 4%, currently hovering around $71,000.
Bitcoin is poised for a potential increase in value as the U.S. elections on November 5 approach; however, analysts caution that a sell-off could follow.The largest digital asset by market capitalization is now trading just below the $69,000 mark, with just over one week to go before the U.S. presidential election on November 5.
Ethereum’s infrastructure limitations are leading users, applications, and capital to migrate to Layer 2 solutions and competing blockchains like Solana, an analyst said.Another analyst noted that liquidity fragmentation across Ethereum’s Layer 2 networks poses a risk to market efficiency.
- 17:26Dollar index hits 106 downwards, lowest level since 13 NovemberThe dollar index touched 106 downwards, the lowest level since 13 November, down 0.82% on the day.
- 17:25SOL breaks through $240The market shows that SOL breaks through $240, now at $240.06, up 4.12% in 24 hours, the market fluctuates a lot, please do a good job of risk control.
- 17:24BTC breaks above $96,000The market shows that BTC broke through $96,000, now at $96,000.48, up 1.76% in 24 hours, the market fluctuates, please do a good job of risk control.
