Analysis: US crypto regulatory outlook to improve after November election, boosting Bitcoin prices

Odaily News Bitcoin has outperformed stocks and gold this month amid growing signs that the U.S. regulatory outlook for the cryptocurrency industry will improve after the upcoming presidential election. Bitcoin is up 4% in October, outperforming global stock indexes and gold so far this month. "The rally was driven primarily by the U.S. presidential election, initially from Trump's lead in prediction markets and polls, and later from semi-supportive statements from the Harris campaign about the crypto markets," said Noelle Acheson, author of the "Crypto Is Macro Now" newsletter. "I haven't seen the details of Harris' cryptocurrency policy, but it sounds less negative than a Biden administration." (Bloomberg)