Bitcoin has reached $69,000 again for the first time since October 20. The largest cryptocurrency had fallen to $65,590 on Friday after the Wall Street Journal’s Tether news. Bitcoin, which rose again over the weekend, exceeded the $69,000 level about an hour before the US markets opened on Monday.

The main reasons for Bitcoin’s strong upward trend can be seen as the relative decrease in geopolitical tensions in the Middle East and Donald Trump’s step-by-step march to presidency. On Friday evening, the news that US prosecutors had launched an investigation against the Tether company was denied by the company’s CEO Paolo Ardoino. Shortly after the news, Israel launched an airstrike on Iran, but this attack did not increase the tension between the parties. It was known that the US had warned Israel not to hit Iran’s oil and nuclear facilities.

Trump keeps moving forward

Although the public does not have full confidence in research and voting platforms, Donald Trump’s superiority in betting sites and surveys continues. In fact, on the betting site Polymarket, Trump is seen to be ahead of Kamala Harris by more than 30%.

Kamala Harris’ poor performance in interviews and rallies is drawing reaction even from her own audience.

This situation in the US elections is also keeping the Bitcoin price at $70,000.