Cryptocurrencies
Bitcoin Pulls Ahead in Markets in Sign of Bets on Trump Victory
- Largest digital asset has climbed about 13% in seven days
- Some view Bitcoin as one of a number of ‘Trump trades’
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A Bitcoin rally is grabbing the spotlight in part because some investors view the climb as a sign that markets anticipate a victory for pro-crypto Republican candidate Donald Trump in the US presidential election.
The digital asset is up about 13% in the past seven days, well ahead of a global stock gauge and gold. Billionaire Stan Druckenmiller cited crypto as among the indicators that markets are pricing in a win for the former president.