Despite the unsettling action this morning, bitcoin remains higher by 8% over the past week, with continued momentum for crypto-friendly Republican presidential candidate Donald Trump possibly behind that rally, said Standard Chartered analyst Geoff Kendrick in a Tuesday note. The former president now has a 56% chance of winning in November, according to Polymarket, said Kendrick (now 56.9%). It’s his highest probability of winning since Joe Biden dropped out as the Democratic candidate.
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