Bitcoin (BTC) saw a slight recovery in price as former President Donald Trump regained the lead in the US presidential race. This came after US spot Bitcoin ETFs experienced a significant outflow of over $540 million. Grayscale's report suggests that this recovery in Bitcoin price aligns with trends typically seen in a "Trump trade," characterized by growing positions in the dollar, crypto, and expectations of higher Treasury yields. The outcome of the US election could have a major impact on the digital assets industry, with potential changes to legislation and policies that affect the broader financial markets. Bitcoin's price is currently facing resistance around its all-time high and may retest the key psychological level of $66,000. Technical indicators suggest some signs of recovery in bulls but also indicate the possibility of downward momentum.



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