Bitcoin Volatility Intensifies Amid U.S. Election Tensions

Cryptocurrency markets experience sharp fluctuations as investors brace for potential impacts from the upcoming U.S. presidential election.

Bitcoin's price has fluctuated significantly, recently dropping to $69,000 after nearing an all-time high earlier this week.
Spot bitcoin ETFs have seen substantial inflows, with BlackRock's iShares Bitcoin Trust ETF pulling in $872 million, indicating strong investor interest.
The U.S. presidential election between Donald Trump and Kamala Harris is contributing to market uncertainty, with speculation about potential crypto-friendly policies under a Trump administration.
Despite recent dips, Bitcoin remains up nearly 15% over the past month, reflecting overall bullish sentiment in the crypto market.
Market volatility is expected to continue through the election week, with futures markets indicating potential daily price swings of about 3.7%.