Bitcoin shy of record high after crossing $70,000 as Trump’s election win falters

(Bloomberg) — Bitcoin’s push toward a record high is fizzling as pro-crypto Republican nominee Donald Trump’s election odds drop in betting markets.

The biggest digital asset traded around $70,000 after sliding 4% — the most in a month — a day earlier. The retreat comes alongside a narrowing of Trump’s lead over Democratic candidate Vice President Kamala Harris on PredictIt, Polymarket and Kalshi, where people can bet on election results.