According to Odaily Planet Daily, Bloomberg ETF analyst Eric Balchunas posted on the X platform that BTC's sudden rise today may be one of the reactions to the US presidential election. Eric Balchunas added: "If anyone thinks Bitcoin is not a good indicator to pay attention to today, please tell me why. In my opinion, BTC seems to be a clean indicator because it is an issue in the campaign, while stocks and bonds are less important, but I am willing to listen to other ideas."
