TechFlow news, October 21 — According to The Block, as Bitcoin attempts once again to break through the $70,000 resistance level nearing its all-time high, analysts from research and brokerage firm Bernstein say inflows into Bitcoin ETFs, crypto equities, and retail trading sentiment are all "strongly signaling risk appetite."
Bernstein analyst Gautam Chhugani said that Bitcoin, like other risk assets, is benefiting from growing market expectations that Donald Trump—who supports cryptocurrency—will win the U.S. presidential election. At the same time, Vice President Kamala Harris has also issued optimistic and clearer statements regarding crypto policy, reducing market concerns about downside risks and leading investors to believe this is a good time to enter the market.
