Bitcoin rises 18% amid expectation of lenient crypto regulation under a potential Trump presidential win.

Bitcoin hit a three-month high as the U.S. dollar strengthens ahead of the November 5 presidential election, where polls suggest former President Donald Trump may win. His potential policies could keep U.S. interest rates high, impacting foreign currencies negatively. The dollar index reached 103.45, while the yen fell below 150 per dollar. Bitcoin's rise, up 18% since October 10, is linked to expectations of lenient cryptocurrency regulation under Trump.

October 21, 2024
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