Expectations about the future of Bitcoin continue to generate debate, and according to prediction platform Polymarket, the cryptocurrency could reach $70,000 in October. Right now, Bitcoin is hovering around $66,000, indicating that the $70,000 barrier is not out of reach, especially considering the positive track record of this month in previous years.
Polymarket users’ projections are based on several key factors. One of them is the political impact that a favorable outcome for Donald Trump could have in the upcoming US elections, a development that some believe could lead to a rally in the cryptocurrency markets. This idea is supported by the perception that Trump has been friendlier to digital assets compared to other politicians. While it is unclear how much an electoral victory would influence market behavior, investors have shown an increase in demand for Bitcoin during periods of political uncertainty.

Bitcoin has recently sparked a lot of interest among investors due to a significant increase in its liquidity and stability. According to industry analysts, the cryptocurrency has seen a 76% increase in monthly trading volume, reaching $2 billion on average. This surge suggests that the Bitcoin market is maturing, with growing demand for crypto derivatives having stabilized some of its volatility.
This phenomenon has been driven by an increase in on-chain activity and the expansion of the DeFi ecosystem. Even though Bitcoin has shown fluctuations in its price, it remains in a stable range, indicating that investors are waiting for the right moment to make major moves.