Bitcoin jumps as markets see increased odds of election victory for pro-crypto Trump

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Bitcoin jumps as markets see increased odds of election victory for pro-crypto Trump
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Investors said over the weekend they expected so-called 'Trump victory trades' to receive a boost.

Investors see an increased chance of a Trump victory in the upcoming presidential election, impacting a range of markets.

The value of the world's biggest cryptocurrency, bitcoin, was up around 4% at 12:25 p.m. London time, to $62,462.46, according to CoinGecko."There is a 'parallel' to the 1981 shooting of President Reagan" even though that was not an election year, Ben Emons, chief investment officer at FedWatch Advisors, said in an emailed note.

Trump has yet to set out any detailed proposals regarding cryptocurrency regulation, but the Republican candidate is now seen as broadly supportive of the sector — despite his past scepticism.said the U.S. presidential election

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