Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 719
    CryptoMarketNewsSponsored Article

    Missed Dogecoin’s Explosive Gains? MoonBull Is Gearing Up to Lead the Next Big Meme Coins in 2025

    Are you wondering if you picked the right cryptocurrency to invest in…

    By
    Benedikt Krüger
    August 22, 2025
    image 706
    CryptoMarketNewsSponsored Article
    Traders Back MoonBull as the Next Big Crypto, While Neiro Posts Gains and Housecoin Builds Strength
    August 22, 2025
    MetaMask Steps Into Finance With mUSD Stablecoin and Mastercard Payments
    NewsCryptoMarket
    MetaMask Steps Into Finance With mUSD Stablecoin and Mastercard Payments
    August 22, 2025
    image 706
    CryptoMarketNewsSponsored Article
    Crypto Traders Call MoonBull the Top New Meme Coin to Watch as Floki Sees Volume Jump and Official Melania Gains
    August 22, 2025
    JPMorgan Kinexys Gains Traction as State Street Backs $100 Million Tokenized Debt
    NewsCryptoMarket
    JPMorgan Kinexys Gains Traction as State Street Backs $100 Million Tokenized Debt
    August 22, 2025
  • Cryptocurrency
    image 719
    Missed Dogecoin’s Explosive Gains? MoonBull Is Gearing Up to Lead the Next Big Meme Coins in 2025
    7 Min Read
    image 706
    Traders Back MoonBull as the Next Big Crypto, While Neiro Posts Gains and Housecoin Builds Strength
    10 Min Read
    MetaMask Steps Into Finance With mUSD Stablecoin and Mastercard Payments
    MetaMask Steps Into Finance With mUSD Stablecoin and Mastercard Payments
    5 Min Read
    image 706
    Crypto Traders Call MoonBull the Top New Meme Coin to Watch as Floki Sees Volume Jump and Official Melania Gains
    8 Min Read
    JPMorgan Kinexys Gains Traction as State Street Backs $100 Million Tokenized Debt
    JPMorgan Kinexys Gains Traction as State Street Backs $100 Million Tokenized Debt
    6 Min Read
    Gemini Secures EU-Wide Access With Malta MiCA License Approval
    Gemini Secures EU-Wide Access With Malta MiCA License Approval
    8 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Why is Bitcoin Rising? Bernstein Analysts Explain 5 Key Reasons
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Why is Bitcoin Rising? Bernstein Analysts Explain 5 Key Reasons
News

Why is Bitcoin Rising? Bernstein Analysts Explain 5 Key Reasons

illustrating a bullish trend for Bitcoin featuring a strong charging bull with the Bitcoin logo. The bull is depicted ascending a
Milena Volodina
Last updated: September 23, 2024 2:22 pm
By
Milena Volodina
Published September 23, 2024
3 Min Read
Share

According to analysts at Bernstein, the crypto community is still waiting for more clarity and follow-through from Kamala Harris on her crypto policies. They suggest that crypto sentiment would be stronger with a Trump victory. Additionally, analysts have highlighted five major reasons behind the recent surge in Bitcoin’s price.

Contents
Kamala Harris’ Remarks Spark Bitcoin Rally“Crypto Sentiment Would Be Stronger with a Trump Victory”ETF Flows and Easing Monetary PolicyFed Rate Cut Fuels Bitcoin SurgeBitcoin Mining Stability and Halving Impact

Kamala Harris’ Remarks Spark Bitcoin Rally

As noted on Deythere, Bitcoin saw a 10% increase last week, while Ethereum gained 17%. Analysts from research firm Bernstein outlined five main drivers of this rally, along with future outlooks. One of the factors is a speech by Democratic candidate Kamala Harris, who, at a recent Wall Street fundraiser, pledged to promote crypto trading while protecting consumers. This bipartisan potential for crypto support has eased some concerns within the community. Analysts Gautam Chhugani, Mahika Sapra, and Sanskar Chindalia noted:

“This is Harris’ first clear statement involving ‘digital assets,’ contrasting with Trump’s specific policy promises. Nevertheless, the crypto community is somewhat reassured by signals of support from both candidates.”

“Crypto Sentiment Would Be Stronger with a Trump Victory”

Despite Harris’ statement, Elizabeth Warren’s “anti-crypto army” messages and the ongoing SEC cases against crypto companies have caused uncertainty. Analysts believe that the crypto community seeks more policy clarity from Harris. The analysts added:

“We continue to believe that crypto sentiment would be stronger with a Trump victory, as it signals a fresh policy start and broader regulatory support for Bitcoin, DeFi, and NFTs.”

depicting Bitcoins rise with a focus on a powerful bull symbolizing a bull market. The bull is charging upward with the Bitcoin l

ETF Flows and Easing Monetary Policy

Regardless of the election outcome, analysts expect the momentum for major crypto assets to continue, driven by Bitcoin and Ethereum ETFs. Spot Bitcoin ETFs have remained net positive, with $397.2 million in net inflows last week, bringing total inflows to $17.7 billion. Analysts believe that new approvals will continue, and after a waiting period for advisor demand, they expect inflows to accelerate.

Fed Rate Cut Fuels Bitcoin Surge

Another factor driving Bitcoin’s rise was the Federal Reserve’s surprise 50-basis-point rate cut. According to Chhugani, Sapra, and Chindalia, Bitcoin is reacting to looser monetary policies and a weaker U.S. dollar, which is favorable for Bitcoin. The analysts highlighted:

“The U.S. national debt has now reached ~$35 trillion. Bitcoin is seen as an alternative, non-sovereign asset that holds relative value, similar to gold, especially if the government continues fiscal excesses.”

Bitcoin Mining Stability and Halving Impact

The final key factor is the recovery in Bitcoin mining after the April halving event. Surviving miners have stabilized the network’s hash power, which has returned to pre-halving levels, with record highs seen earlier this month. The reduction in major BTC sales, following government liquidations and Mt. Gox fund distributions, has also helped alleviate market fears.

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Mt. Gox Stirs Bitcoin Market: $152 Million BTC Transfer Sparks Concern

Meme Coin Frenzy Turns Nightmare: Investor Loses $1.4 Million in 15 Minutes

Bitcoin Price Prediction Spikes After El Salvador Resets the Game Plan

Pepe Made Millionaires – Is MoonBull the Next 100x Crypto? Whitelist Spots Are Vanishing Quickly, Don’t Miss Out Again

Trump Slaps 25% Tariff on Auto Imports! Boom for U.S. Crypto or Global Trade War?

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByMilena Volodina
Milena Volodina is a blockchain strategist and cryptocurrency expert with 9 years of experience in the industry. With a background in finance and technology, Milena has worked on numerous blockchain projects, including the development of decentralized finance (DeFi) platforms and blockchain-based financial services. Her expertise in both the technical and financial aspects of blockchain technology allows her to provide a comprehensive view of the industry. At DT NEWS, Milena offers readers expert analysis and insights into the latest trends and innovations in the blockchain and cryptocurrency world, ensuring they stay informed about key developments.
Previous Article representing a critical week for altcoins showing multiple crypto coins like RabBitcoin Tenup and Catamoto alongside a calendar This Week, Watch These 23 Altcoins: Key Events Ahead
Next Article Arthur Hayes shift from Pendle PENDLE to Aethir ATH tokens. The image features abstract elements of digital assets with Arthur Hayes Shifts Focus from Pendle to Aethir (ATH): What’s Behind the Move?
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English