IG Australia Pty Market Analyst Tony Sycamore wrote in a report that the overnight stock market rise has provided support for Bitcoin and continues to view 'Trump's victory as anticipated' in price performance. He added that Bitcoin needs to maintain above $70,000 to enhance market confidence in Bitcoin breaking the March record of $73,798. Regardless of who wins the election, options traders have increased bets that Bitcoin will peak at $80,000 by the end of November, with implied volatility rising before and after the November 5 election. So far this month, the U.S. spot Bitcoin ETF has attracted about $3.1 billion in net inflows. (Bloomberg)$BTC
