The expectation of Trump's victory, who supports bitcoin, has increased, and bitcoin has climbed to its highest level in two weeks. On Monday, this largest digital asset rose all the way, then the increase slightly fell back, as of the time of publication, bitcoin rose by 2.05%, trading at $64,126.

The U.S. presidential election may provide another support for digital assets. In the past few days, predictions in the market have changed, betting that the Republican candidate, Donald Trump, who supports cryptos, has a higher chance of winning than the Democratic competitor, Vice President Kamala Harris.

Meanwhile, the bankrupt crypto exchange Mt. Gox last week postponed the deadline for repayment of its remaining assets by a year to October 31, 2025. Arkham Intelligence estimates that its remaining assets are about $2.9 billion. This delay alleviated creditors' concerns about the oversupply of bitcoins to be sold back.

Benjamin Celermajer, Co-Chief Investment Officer of Magnet Capital, said, "Recent improvements in Trump's polls will enhance market acceptance and the positive impact of good news on prices." "Good news such as the Mt. Gox repayment plan delay will receive a more positive response."

According to data collected by Bloomberg, bitcoin has averaged a 20% increase in October over the past 10 years, but this October started weak, with almost no change in trend.

Sean Farrell, Head of Digital Asset Strategy at Fundstrat Global Advisors LLC, wrote in a report: "Historical data indicates that the strong seasonality of the crypto market in October typically tends to be in the second half of the month."

Editor/Rocky