Investing.com– Bitcoin’s price rose on Monday, extending a rebound over the weekend as signs of resilience in the U.S. economy helped support broader risk appetite.
Betting markets also showed investors leaning more towards a Donald Trump presidency over Kamala Harris, which presents a better regulatory outlook for crypto.
Bitcoin tracked strong gains in global stock markets after stronger-than-expected U.S. nonfarm payrolls data quashed fears of a U.S. recession. But the reading also diminished expectations for deep interest rate cuts by the Federal Reserve.
rose 2.7% to $63,558.3 by 00:41 ET (04:41 GMT).
Trump holds nearly 3% lead over Harris- Polymarket
Crypto betting platform Polymarket showed traders pricing in a 50.6% chance of a Trump victory in the 2024 U.S. elections, compared to 48.4% for Harris.
The shift towards Trump comes after the former President held…
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