**Bitcoin Soars as Trump’s Election Odds Rise**

Bitcoin has surged to a two-and-a-half-month high, climbing nearly 10% in the past week to surpass $68,200, according to Cointelegraph. This rally coincides with former President Donald Trump’s increasing odds of winning the 2024 U.S. presidential election, now at 60.2%, while Vice President Kamala Harris trails at 39.8%, per Polymarket data.

Economist Peter Schiff has dubbed this rise a “Trump pump,” though he dismisses it as “meaningless.” Despite this, some industry experts, like Apollo CEO Thomas Fahrer, see a clear link between Trump’s election odds and Bitcoin’s price, noting a $1,000 increase in Bitcoin for every 1% rise in Trump’s chances.

The Crypto Fear & Greed Index has shifted from “fear” to “greed,” reflecting growing investor optimism.