Crypto Daily – After dipping back inside its bull flag on Wednesday, the price has since recovered to close a daily candle above the bull flag trendline. The U.S. presidential election is only two weeks away, and republican candidate Donald Trump has the wind in his sails. Bitcoin is likely to thrive on a Trump victory.
Election and economy provide potential boosts to Bitcoin
The U.S. presidential election is only a couple of weeks away, and things still look tight. The traditional polls have both candidates neck and neck, while Polymarket has Trump the leader by 60.1% to 39.9. That said, all seven swing states look to be going Trump’s way, and early voting also appears to favour the republican candidate, but anything could happen in the next several days.
From an economic perspective, things are looking better, at least on the face of it. Inflation has dropped to its lowest point in three years, and the stock market just keeps on making high after high. On the…
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