Bitcoin's price fell as attention turned to the decline in Donald Trump's odds in the upcoming US presidential elections. Analysts predict that the November election outcomes could push Bitcoin over $100,000 or drop it to under $40,000. The increase in Democratic nominee Kamala Harris' odds reflects hedging positions among traders who have also bet on a Trump victory. Some market watchers attribute Friday's crypto market slump to Trump's slide on the betting platform Polymarket. Bitcoin is currently worth $69,490, experiencing a 3.9% decline in the last 24 hours. The broader crypto market also experienced a sell-off, with altcoins like Ethereum, Solana, Dogecoin, and Cardano correcting by 5-7% each. Bitcoin's price has been considered a "Trump hedge" due to his support for the crypto industry. Depending on the outcome of the election and other upcoming events, Bitcoin's price could fall to earlier lows.



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