Bitcoin surged to a record high on Monday as investors leaned towards Donald Trump winning the US presidential election.
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Bitcoin rose past $70 000 for the first time since June, bolstered by potential outcomes of the US election.
There is in fact a great deal at stake, certainly at the intellectual level and probably financially and politically as well.
Some investors view bitcoin’s rise as a sign that markets anticipate a victory for Donald Trump in the US election.
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Bitcoin is on course for one of its biggest September gains ever, courtesy of a global wave of interest rate cuts.
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Bitcoin and ether tumbled on Monday to multi-month lows due to worries over a possible US recession.
Bigging up bitcoin is a way of doubling down on a key demographic for Donald Trump and his running mate.