Bitcoin Price Chart | Source: CoinMarketCap

Analysts say about growing global liquidity. China is using stimulus measures to boost its economy. It's helping bitcoin to gain market.

What's more, the Vice President, Kamala Harris, promised to support a clearer cryptocurrency regulatory framework-a piece of good news for the industry after years of unclear situations with U.S. regulations.

According to Blockforce Capital, global liquidity creates significant price appreciation for Bitcoin.

Former President Donald Trump, in a surprise turn of events, visited a Pennsylvania McDonald's, going so far as to work the fry station. As one can imagine, his impromptu appearance drew small crowds and sparked speculative talk about his possible crypto policies if re-elected come this November and on Bitcoin's likelihood to spike before then.

Not all the news is good, however. Italy is to make its digital services tax more robust in a move likely to inflame tensions with the U.S. The Italian government is set to increase the tax on big digital businesses such as Meta and Google without approval from Washington.

The excitement builds on its prospect of scaling new peaks with Bitcoin closing in on the $70,000 level, as optimism mounts for riskier assets with less than a week to the elections.