Bitcoin price rises 16.6% in month as betting odds favor Trump in US election
From Investing.com
October 16, 2024 07:38 AM:
Analysts at Bernstein attribute recent strength in crypto markets to improved betting odds for Donald Trump winning the 2024 US election, despite polls showing a tight race with Kamala Harris. Prediction markets favor Trump on platforms like Kalshi and Polymarket, with Bitcoin rising 16.6% in the past month to $67,887.9.
Despite polls indicating a close race between Trump and Harris, online betting markets are leaning toward Trump winning the election. Bitcoin has seen a 16.6% increase in value over the past month, reaching $67,887.9. Trump has shown support for crypto, launching the World Liberty Financial project, while Harris aims to establish clearer crypto regulations.
As Trump’s betting odds improve for the 2024 US election, Bitcoin has surged by 16.6% in the last month to $67,887.9. He has been vocal about his support for crypto despite previous criticism, launching the World Liberty Financial project. Meanwhile, Harris plans to implement a definitive regulatory framework for digital assets.
Read more at Investing.com: Recent Bitcoin strength driven by improving odds of Trump election win