Despite the unsettling action this morning, bitcoin remains higher by 8% over the past week, with continued momentum for crypto-friendly Republican presidential candidate Donald Trump possibly behind that rally, said Standard Chartered analyst Geoff Kendrick in a Tuesday note. The former president now has a 56% chance of winning in November, according to Polymarket, said Kendrick (now 56.9%). It’s his highest probability of winning since Joe Biden dropped out as the Democratic candidate.
Source: https://www.coindesk.com/markets/2024/10/15/bitcoin-jumps-just-shy-of-68k-highest-since-late-july/?utm_medium=referral&utm_source=rss&utm_campaign=headlines