Investing.com– Bitcoin’s price moved marginally on Monday after briefly hitting a three-month high amid increased speculation that Donald Trump will win the 2024 elections, with the token coming back in sight of record highs.
The world’s biggest cryptocurrency rose sharply over the past week as recent polls and prediction markets pointed to a greater chance of a Trump victory, although analysts still called the presidential race too close to call.
slipped 0.2% to $68,219.0 by 09:10 ET (13:10 GMT), and was about $5000 away from a record high. Crossing $70,000 is also set to be a key bullish signal for the token.
Trump bets buoy Bitcoin
Recent polls and prediction markets showed increased odds of a Trump victory over Democratic nominee Kamala Harris. Crypto prediction market Polymarket showed a 60.7% chance of a Trump victory and a 39.1% chance of a Harris victory.
Trump has campaigned…
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