Bitcoin hit a two-week high Monday, as betting markets suggested an increased chance of victory for crypto-friendly candidate Donald Trump in the U.S. presidential election.
The value of the world's biggest cryptocurrency, bitcoin, was up around 5% at 1:40 p.m. London time, to $62,781.48, according to CoinGecko.
The rally follows the dramatic failed assassination attempt on former President Trump on Saturday.
Investors said over the weekend they expected so-called "Trump victory trades" to receive a boost.
The Trump campaign began accepting donations from the crypto industry in May and his messaging has become increasingly positive on the future of such digital assets.
Persons:
Bitcoin, Donald Trump, Trump, Reagan, Ben Emons, Trump's favorability, Zach Pandl, Sen, Elizabeth Warren
Organizations:
U.S, FedWatch Advisors, Investors, Trump, CNBC, Republican
Locations:
London