Investing.com – Bitcoin’s price rose on Thursday, hovering near three-month highs as speculation about a second Trump presidency, friendlier regulations and increased capital inflows boosted cryptocurrency markets over the past week.

rose 0.5% to $67,328.4 by 01:05 ET (05:05 GMT), after briefly surpassing $68,000 earlier in the week. The token has reliably broken out of the tight $50,000 to $65,000 trading range seen for most of the year.

Broader cryptocurrency prices also rose on speculation about better regulatory prospects in the U.S., after Vice President Kamala Harris promised a regulatory framework for the industry.

Bitcoin in particular was supported by the now-defunct cryptocurrency exchange Mt Gox, which delayed its schedule for returning stolen tokens to creditors.

Bitcoin is fueled by speculation about Trump’s victory

Bitcoin’s recent surge in value comes amid growing speculation that Republican candidate Donald Trump will end his second term.

This was particularly evident on online betting platforms such as Polymarket, which showed Trump’s odds were 58.4% compared to Harris’ 41.3%.

Recent media polls showed Harris maintaining a slight lead, although with about three weeks left until the vote, it is expected to be a close race.

Trump has maintained a largely pro-crypto stance, and his campaign is also accepting crypto donations. At a conference earlier this year, he promised that the future of Bitcoin would be built in America.

Harris, on the other hand, only recently mentioned cryptocurrencies, pledging to create a regulatory framework for the industry.

Strong dollar, interest rate cuts in focus

Nevertheless, further increases in Bitcoin were stopped by a stronger strengthening of the dollar in connection with Trump’s transaction and investors pricing in a slower pace of interest rate cuts by the Federal Reserve.

US data and a release later on Thursday will provide more clues.

Interest rate cuts by other major central banks have also been in focus, with the European Central Bank widely expected to do so later on Thursday.

Cryptocurrency Price Today: Altcoins Drift Up

Broader cryptocurrency prices have mainly tracked Bitcoin’s recent gains. The world’s No. 2 cryptocurrency rose 0.5% to $2,631.21.

increased by 3.5% and then decreased slightly. it was flat.

Among meme tokens, growth increased by 5.4%.