Bitcoin's Run Toward Record Falters as Trump’s Odds Drop

Good morning. Bitcoin’s run toward a record falters. Rachel Reeves is doing damage control. And bartenders gave us their recommendations for the US Election night. Listen to the day’s top stories.

Bitcoin’s push toward a record high is fizzling as pro-crypto Republican nominee Donald Trump’s election odds drop in betting markets. The digital asset sank below $69,000 after sliding 4%—the most in a month. The retreat comes alongside a narrowing of Trump’s lead over Kamala Harris on betting sites including PredictIt, Polymarket and Kalshi. Read how Polymarket’s influence on Wall Street in particular has grown.