Amid the excitement surrounding the upcoming U.S. elections, Bitcoin has reached the $70,000 mark once again, showing a 2.4% rise in the last 24 hours. This increase is attributed to the anticipation and speculation over the potential election outcomes.
The heightened activity in the cryptocurrency market comes as Donald Trump emerges as the front-runner in recent polls, holding a 62.9% probability of winning against Kamala Harris. This political context appears to be influencing not just the crypto markets but also elevating stock prices as investors respond to the unfolding electoral dynamics.