Bitcoin surged to $69,000 before dropping slightly to around $68,980 by 2 pm ET. VanEck's Matthew Sigel believes that once the election results are finalized, Moody's will downgrade US sovereign debt, potentially acting as a catalyst for Bitcoin to rise. Polls show Kamala Harris with a slight edge over Donald Trump, and Republican poll gains could be driving recent net inflows into Bitcoin ETFs. GSR research head Brian Rudick expects Bitcoin to run higher if Trump wins, but post-election gains will depend on his crypto promises. If Harris wins, BTC may have a knee-jerk reaction but downside could be limited due to reduced uncertainty and her crypto-friendly stance. Ledn CIO John Glover believes BTC's technical levels are important, anticipating upward momentum if it breaks $73,000. He expects BTC to aim for $80k after the election dust settles and possibly reach $100k in late Q1/early Q2 2025.



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