Key Reasons Behind Today’s Drop in Bitcoin Price

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Bitcoin traders are reducing their risk exposure as Donald Trump’s winning odds slide for the upcoming US election.

Bitcoin’s price fell today as the market’s attention turned to the drop in Donald Trump’s winning odds in the upcoming United States presidential elections.

Trump bets keep Bitcoin away from new highs

Bitcoin has dropped by over 6.50% three days after hitting $73,600—its second-highest level in 2024—to reach around $69,200 on Nov. 1. That includes a 4.65% drop in the last 24 hours.


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