BTCUSD strengthened to a local high early Monday. While major Wall Street indices were in a sell-off on Friday, particularly tech stocks, BTC hit $67,000 per coin. Investors in digital assets maintained this price level over the weekend, and bitcoin was gravitating towards the $68,000 mark today when weekly trading opened

Recent political events in the US have supported the bullishness of the cryptocurrency space. Former President Donald Trump boosted his chances of occupying the White House for another four years, surviving an assassination attempt and gaining the support of Tesla CEO Elon Musk. Favorable regulation of cryptocurrencies has been a priority for the Republican candidate, and that has been driving prices higher. However, President Biden’s decision to withdraw from the race has brought some uncertainty to the outlook.

There is also growing excitement around the first Ethereum exchange-traded funds. The second-largest token, #ETHUSD, is up about 2% since last week, and the first investment funds holding Ethereum are due to begin trading on Tuesday. Analysts are optimistic that ETF funds could see more than $5 billion in net inflows on the first day. Volatility can be expected