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#Can BTC flip 64K resistance into support and continue up?
Following the interest rate cut by the US Federal Reserve (Fed), there has been an increase in cryptocurrencies. The cryptocurrency with the highest market value, Bitcoin, surpassed the $63,000 level. Now, attention in the cryptocurrency market has turned to the November US elections.
We know that presidential candidate Donald Trump has a positive view of cryptocurrencies. We have also seen some of his payments made through cryptocurrency. Additionally, he portrays an image of preferring monetary expansion more. On the other hand, the other candidate Kamala Harris does not have such a dominant positive perspective. Therefore, Trump's victory in the election will have a more positive impact on the cryptocurrency market.