Bitcoin is viewed by some as a so-called Trump trade because Republican presidential nominee Donald Trump embraced digital assets during campaigning. — Bloomberg
WASHINGTON: Bitcoin rose past US$70,000 for the first time since June, bolstered by inflows into dedicated exchange-traded funds (ETFs) as well as speculation about potential outcomes from next week’s US election.
The largest digital asset climbed about 1% before paring the advance to trade at US$69,840 as of 7:23am yesterday in Singapore.
