Bitcoin Tops $68,000 as ETF Inflows and Election Bets Lift Crypto Market

Bitcoin climbed above $68,000 for the first time in months on strong demand from spot exchange-traded funds and growing speculation that the upcoming U.S. presidential election could favor crypto-friendly policies. The world’s largest cryptocurrency rose sharply as spot Bitcoin ETFs recorded more than $500 million in net inflows over the past day, underscoring renewed institutional appetite for digital assets.

The rally extended beyond Bitcoin. Ethereum and several major altcoins also advanced, helping push the total cryptocurrency market capitalization above $2.4 trillion. Trading volumes increased across major exchanges as investors reacted to the combination of fresh ETF demand, improving market sentiment and expectations that a more supportive regulatory environment could emerge after the election.

Analysts said the latest move reflects a broader shift in participation, with institutional investors playing a larger role in driving price action. The surge in ETF inflows has been especially notable, as it provides a regulated channel for traditional investors to gain exposure to Bitcoin without directly holding the asset.

While the market’s momentum has strengthened, traders remain focused on whether inflows can continue at the current pace and whether political developments will translate into meaningful policy changes for the crypto sector.