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Bitcoin Tops $71,000 For First Time Since June As ETFs Eat Away At Supply Ahead Of US Elections

  • The price of Bitcoin surged past $71,000, reaching its highest level since June.
  • Bitcoin's rise is believed to be influenced by the upcoming US elections, seen as a bullish catalyst for the market.
  • Spot Bitcoin ETFs have experienced significant inflows, with approximately $4 billion pouring into these funds in the last two weeks.
  • Analysts project that Bitcoin could reclaim $73,000 highs on Election Day and potentially reach $80,000 if Donald Trump retakes the White House.

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