Bitcoin surpasses $71,000 for first time since June; What’s driving the rally?

Bitcoin Price Today: Bitcoin surpassed $71,000 for the first time since June, driven by investments in dedicated exchange-traded funds and speculation regarding the potential results of next week’s US election.

The largest digital asset saw an increase of up to 2.7% before easing slightly, trading at $71,415 as of 7:57 a.m. on Tuesday in New York. Other cryptocurrencies, including the second-ranked Ether and the popular meme token Dogecoin, also experienced gains.