Bitcoin (BTC) slightly recovered to around $68,800 on Tuesday, following a shift in the United States presidential race that saw former President Donald Trump regain the lead, after US spot Bitcoin ETFs experienced an outflow of over $540 million on Monday.
Bitcoin price today:$68,800 Bitcoin recovered slightly on Tuesday as Donald Trump took the poll lead. US spot Bitcoin ETFs registered an outflow of $541.10 million on Monday. Grayscale’s report highlights the cross-asset returns seen in October mirror the trends usually associated with a “Trump trade.
The next president and Congress may take up crypto-specific legislation and change tax and spending policies that affect broader financial markets. Grayscale Research highlights that a change in the Senate’s control could be particularly relevant for crypto, given the Senate’s role in confirming presidential appointments of key regulators, such as the chairs of the Securities and Exchange Commission and the Commodity Futures Trading Commission .
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