Cryptocurrencies

Bitcoin’s Run Toward Record High Falters as Trump Election Odds Dip

Cryptocurrency slid the most in about a month in US trading
Harris narrows gap to pro-crypto Trump in betting markets

Bitcoin Price Moves Due to Trump Trade, Global Liquidity: Goodman

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By Sunil Jagtiani

November 1, 2024 at 2:29 AM UTC

Updated on

November 1, 2024 at 12:14 PM UTC

This article is for subscribers only.

Bitcoin’s push toward a record high is fizzling as pro-crypto Republican nominee Donald Trump’s election odds drop in betting markets.

The biggest digital asset traded around $70,000 after sliding 4% — the most in a month — a day earlier. The retreat comes alongside a narrowing of Trump’s lead over Democratic candidate Vice President Kamala Harris on PredictIt, Polymarket and Kalshi, where people can bet on election results.