**Bitcoin's Surge Linked to US Dollar Expectations**

Bitcoin's recent price jump might be more about the US dollar's future than the upcoming elections. A report by crypto custodian Copper suggests that market expectations of a weakening dollar are driving Bitcoin's rally.

- **Price Movement**: Bitcoin has surged over 6% in the past week, climbing from around $63,500 to $68,000.

- **Historical Trends**: Bitcoin often rises when the US dollar weakens. This pattern was evident in 2017 and 2021.

- **Political Influence**: Historically, the US dollar has weakened under Republican presidents and strengthened under Democrats.

- **Current Sentiment**: If markets expect a Republican win, they might anticipate a weaker dollar, boosting Bitcoin.

Copper's analysis highlights that Bitcoin's dynamics are complex, often moving inversely to the dollar's strength.