Analysis: Market attention to the US presidential election will further increase, and Bitcoin may see new momentum

Odaily Planet Daily Report: On Monday morning, Bitcoin reached a high of around $69,450 in the Asian market. Presto Research analyst Min Jung said, "The $70,000 level is an important psychological resistance point, close to Bitcoin's all-time high." FalconX research head David Lawant said, "With less than three weeks to the election, we expect market attention to this key market event to increase further from now on, as cryptocurrency becomes a mainstream political issue, attracting a wider audience." The Polymarket prediction platform shows that Trump has a 60% chance of winning, leading Harris by 21 percentage points. In the traditional FiveThirtyEight poll average, Harris leads Trump by 1.8 percentage points with 48.2%. Nevertheless, the gap between the two candidates in the national polls has narrowed from 3.1% on September 1. SOFA.org director Augustine Fan said, "As the focus on the US election outcome becomes the focus, the most positive outcome for cryptocurrencies would be a Trump victory, with the Republicans sweeping the House and Senate, potentially allowing the Trump-Pence-backed digital asset reform plan to pass through Congress." Jung added, "If Trump's dominance continues, and the Fed sends more dovish signals, we may see a new momentum for Bitcoin in the weeks following these events." (The Block)