Bitcoin surged over 8% this week, nearing its record high, driven by Trump's electoral strength and historically positive market behavior leading up to elections.
Spot Bitcoin exchange-traded funds saw significant inflows of $870 million amidst volatility, marking the third largest inflow since their approval in January.
The rise in Bitcoin's price reflects optimism within the crypto market, with predictions suggesting a new all-time high may be reached as the election approaches.
Trump's lead in crypto prediction markets may be partially inflated by fake trading, highlighting the complexity and potential misinformation surrounding electoral betting.
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