Overview

• 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%.