Crypto Inflows Surge Amid Rising U.S. Election Tensions
Crypto inflows hit $901 million last week, showing a steady rise amid growing U.S. election tension. Bitcoin led with $920 million in inflows, signaling investor confidence.
According to CoinShares, political shifts in the U.S. are driving this trend, with October’s inflows reaching a record $27 billion for the year, almost tripling 2021’s previous high. Analyst James Butterfill links Bitcoin's surge to recent Republican polling gains,
sparking optimism for potentially favorable crypto regulations.
Investors increasingly view Bitcoin as a hedge against economic uncertainty tied to the election, positioning it as a stable asset as they track political changes closely.
