Executive Summary Bitcoin has broken to a new ATH of $75.4k, sparked by the high likelihood of President Trump winning the US election.

Capital inflows into the Bitcoin asset continue to grow, suggesting a persistent inflow of new demand.

Profit-taking activities have seen a non-trivial increase, while losses realized remain negligible. However, both values are relatively modest compared to volumes seen around market extremes.

Options markets are pricing in higher volatility expectations as investors hedge their positions in both directions.