Bitcoin Surges 4.4% to $70K as Trump Gains Election Lead

Nov 5, 2024, 02:41 PM

Bitcoin has surged past $70,000, gaining 4.4%, as U.S. voters head to the polls for the 2024 Presidential Election. The cryptocurrency's price increase is being linked to the rising odds of a Donald Trump victory, with prediction markets giving Trump a 16% lead. Gold and silver have also seen gains of 0.48% and 1.23%, respectively. Market enthusiasts are closely watching Bitcoin's price movements as an indicator of election outcomes. BTC + 4.5% and Trump +3.4% are noted as key figures in today's market movements.