Standard Chartered Bank: Bitcoin may return to its historical high before the US election

Odaily News Geoff Kendrick, head of digital asset research at Standard Chartered Bank, said Bitcoin is showing strong upward momentum and may approach its all-time high of $73,800 before the US election. Factors driving Bitcoin's rise include the steepening of the U.S. Treasury yield curve, inflows into spot Bitcoin ETFs, and an increase in Trump's chances of winning. Current data shows that Trump's chances of winning are 56.3%, and the probability of a complete Republican victory is 39%, which may create favorable conditions for risky assets including Bitcoin. In addition, the open interest of $80,000 call options in the Bitcoin options market has also increased recently, indicating that institutional investors are optimistic about Bitcoin's medium-term upside potential. (The Block)