According to ChainCatcher, Bitcoin performed well in October, up 4%, ahead of global stock indices and gold. 🎉

The rise is mainly attributed to the impact of the US presidential election. Noelle Acheson pointed out in the "Crypto Is Macro Now" newsletter that it was Trump's lead in the prediction market and polls that initially drove Bitcoin's rise. Subsequently, Harris's campaign team's semi-supportive statement on the crypto market also played a positive role. Although the details of Harris's cryptocurrency policy have not yet been announced, it looks to be more moderate than the current Biden administration's attitude.

Overall, Bitcoin's performance reflects the market's optimistic expectations for the future regulatory environment. 📈