Bitcoin touches $66k as US Election now set up as bullish event Today, Monday, Oct. 14, Bitcoin touched $66,000 as US markets opened, up over 5% on the day, as both major U.S. presidential candidates have now made official crypto endorsements.
Vice President Kamala Harris announced plans to establish a regulatory framework for digital assets beneficial to everyday citizens holding crypto. The framework aims to protect Black men investing in crypto and promote economic inclusion.
Former President Donald Trump’s support for Bitcoin and the broader crypto industry has been well documented since the start of the year when he announced that he could now “live with” the technology. Since then, he has increased his support, pledging to make the United States the “world capital of crypto and Bitcoin.”
Both candidates publicly releasing pro-crypto policies is a historic moment for the industry. Harris’s focus on regulatory clarity and consumer protection contrasts with Trump’s commitments to bolster the industry’s growth and infrastructure.
However, never before have both major candidates signaled positive sentiment toward the crypto industry, indicating that whoever wins next month’s election should be a positive step forward for the sector.
Bitcoin’s next target is $66,894, which it will need to push past to solidify the upward movement based on historical trading channels seen throughout 2024.
Analyst 
Liam 'Akiba' Wright
Also known as "Akiba," Liam Wright is a reporter, podcast producer, and Editor-in-Chief at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
A businessman, politician, and media personality, Donald John Trump served as the 45th president of the United States from 2017 to 2021.
Kamala Devi Harris (born October 20, 1964) is an American politician and attorney serving as the 49th Vice President of the United States.