King cryptocurrency Its unit exceeded $70,000 again and rose to $70,270. At the time of writing, it is at $70,200. The ongoing rise that concerns all cryptocurrencies raises hopes that the boring days may now be behind us. So why did it rise?
Bitcoin Rising
BTC it exceeded $70,000 again. After the interest rate cuts started, investors thought that sooner or later a bigger rise than today would begin in risk markets. This may be a test that will fail, but in the medium term we should see BTC reach new highs above $70,000 in a few months.
- The US elections are just days away.
- FTX will return billions of dollars of stablecoins to creditors.
- Interest rate cuts have already started.
- Employment remains relatively strong while inflation continues to decline.
- Historical data shows that the rise has started now, and this is psychologically important support.
There are many reasons for the rise. Bitcoin has been stalling below the $70,000 mark for exactly 91 days 
$68,187 After a very long consolidation, it should run in the expected direction, remembering the historical performance of the last quarter.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
