Bitcoin Price Forecast: Could 2024 U.S. Election Trigger a Major BTC Rally?

Bitcoin (BTC) extended its bullish rally, surpassing the $63,000 mark as the global crypto market cap reached $2.24 trillion, reflecting a nearly 1.50% gain in the last 24 hours.  This bullish rally was driven by the Federal Reserve’s recent rate cut.

Investor sentiment was further bolstered by Kamala Harris’s pledge to support AI and digital assets during a Wall Street fundraiser.