Bitcoin's value briefly surged past $70,000 for the first time since June, ahead of the US presidential election. The cryptocurrency has been trading in a tight range between $55,000 and $70,000, with some investors optimistic about a potential breakout. MicroStrategy, a company known for its high-beta play on bitcoin's price, saw its stock soar 9% on October 28. As the election approaches, market participants will be closely watching developments in the cryptocurrency market.

Source: https://www.wionews.com/business-economy/building-up-to-the-us-election-bitcoin-briefly-tops-70000-for-the-first-time-since-june-771652