Bitcoin Drops Below $68K as US Election Draws Near | Weekly News Recap

Welcome back to BitPinas Key Points: easily digestible news in concise formats for easy reading. It’s time for the weekly news recap.

Bitcoin’s price dropped below $68,000, down over 2% in the past 24 hours amid a volatile outlook on the U.S. presidential election.

After earlier predictions of a clear path for Donald Trump, betting markets now show a nearly even split, with Trump’s odds on Polymarket sliding from 67% to just 53% against Kamala Harris.

This uncertainty has weighed on the broader crypto market with a majority of the tokens in the top 100 are currently down in the last 7 days.

According to Coindesk, the crypto market had surged earlier this month, fueled in part by expectations of a Trump victory, seen as favorable for digital assets.

All eyes in the crypto industry should now be focused on upcoming elections and monitor any shift during the day.

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This article is published on BitPinas: Bitcoin Drops Below $68K as US Election Draws Near | Weekly News Recap

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