Cryptocurrencies started the new week actively. Bitcoin saw an increase of more than 2 percent and exceeded $ 64,150. Ethereum also exceeded $ 2,500.
Cryptocurrency markets increased after a while of stagnation. Bitcoin, which started the week positively, rose to $ 64,150 with an increase of more than 2 percent. Ethereum also increased by 2.6 percent and exceeded $ 2,500. The rise in markets was driven by expectations that the economy in the US could have a soft landing, China’s promises to stimulate markets, and the strengthening of estimates that Trump would win the presidential race. Chinese Finance Minister Lan Foan promised on Saturday that the government would significantly increase borrowing. Foan did not provide information on the size of the support that would be provided in this way. While the latest stimulus efforts in the country failed to convince investors, expectations that interest in cryptocurrencies instead of stocks would increase increased. Analysts stated that Chinese authorities should focus on the briefings they will hold in the coming weeks, and that investors should be much more patient when it comes to the size of the fiscal stimulus package. On the other hand, the countdown to the presidential race in the US has begun. Recent polls have strengthened estimates that pro-crypto Republican candidate Donald Trump is ahead of his Democratic rival Kamala Harris. It was reported that the third assassination attempt against Trump was thwarted when a man with a gun and a fake passport was stopped by police outside a rally in the Coachella Valley.
