In recent weeks, Bitcoin had been performing well, with its price increasing by 13% from $58,000 to $73,000 during October. However, a sudden dip brought it back down to $69,000, marking a 4% loss.
This decline in Bitcoin's price coincides with changes in election betting odds on Polymarket, where Vice President Kamala Harris is now favored over Donald Trump, a known cryptocurrency supporter.
With Trump previously seen as supportive of cryptocurrency, these election odds shifts could have potentially influenced investor sentiment, contributing to Bitcoin's recent dip.
