According to CoinShares, anticipation for the United States elections and Republican gains are fueling bullish market sentiment.
Digital asset inflows experienced a notable surge in the week ending Oct. 25, reaching $901 million, largely fueled by a spike in Bitcoin transactions and propelling year-to-date totals to $27 billion.
According to the CoinShares weekly flows report, Bitcoin (BTC) attracted $920 million during this period, a trend likely influenced by the upcoming elections in the United States. As noted in the report:
The country led the charts with $906 million in inflows, while Germany and Switzerland recorded gains of $14.7 million and $9.2 million, respectively. In contrast, Canada, Brazil, and Hong Kong experienced slight outflows of $10.1 million, $3.6 million, and $2.7 million, respectively.
