Positive expectations for Bitcoin ahead of the US elections

Bitcoin is showing signs of upward momentum that could push its price towards the $73,800 level it recorded before the previous elections.

This expected rise is supported by several factors, including the inversion of the yield curve on US Treasury bonds, and renewed interest in spot Bitcoin exchange-traded funds.

#BTC Other digital assets witnessed a significant rise in conjunction with the inversion of the yield curve on US Treasury bonds with a yield of 10 years versus Treasury bonds with a yield of 2 years.

This inversion came after the release of US consumer price index data that exceeded expectations on Thursday.

This reversal indicates an increase in investors’ expectations of market volatility and rising interest rates, which may prompt them to seek alternative assets such as $BTC

Strong inflows into spot Bitcoin ETFs and increased activity in the derivatives market have contributed significantly to the current rally in the price of #BTC

Official data confirms this point, as US spot Bitcoin ETFs recorded their largest daily net inflows since June, worth $555.8 million last Monday.

Of the 12 spot ETFs, #bitcoin , 10 funds saw buy flows, while none recorded sell flows.