Bitcoin was trading up over 4 percent on Tuesday and closed in on its all-time high of $73,797.68 it touched in March 2024.
Zach Pandl, Grayscale Investments head of research, told CNBC, “Many things are going right for bitcoin and crypto, including a soft landing for the economy, Fed rate cuts, and a likely change in the U.S. regulatory climate regardless of who wins the US election.”