US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
Norway Core Inflation Rises to 3% in August 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Asian Stocks Fall as Oil Tops $100, Yields Rise 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
Fitch Eyes Japan Budget for Fiscal Discipline 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data 
Asian Currencies Steady as Yen Holds Firm, Oil Tops $100 
Asian Stocks Mixed as Korean Chipmakers Rally 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
China Buys 1 Million Tons of U.S. Soybeans Ahead of Xi Visit 
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Bitcoin Price Rises Amid Election Speculation
Bitcoin’s price saw a modest increase on Thursday, trending toward strong weekly gains fueled by speculation regarding a potential Donald Trump victory in the upcoming presidential elections. The leading cryptocurrency reached its highest point since late July earlier this week, driven by a wave of positive factors, although the current momentum appears to be stabilizing.
As of 00:59 ET (04:59 GMT), Bitcoin rose 0.7% to $67,733.1, briefly surpassing $68,000 earlier this week. This week, Bitcoin is up more than 7%, marking its best performance since early September.
Key Factors Driving Bitcoin Gains
Several factors are boosting Bitcoin's price, including increased speculation around Trump’s election prospects. Polls indicate that Trump is gaining momentum against Democratic nominee Kamala Harris, who has committed to developing a regulatory framework for cryptocurrency.
Additionally, the defunct exchange Mt. Gox has extended its timeline for token returns to creditors, alleviating immediate selling pressures. Improved capital flows into crypto investment products this past week also reflect a positive sentiment in the market.
Other Cryptos Struggle
While Bitcoin remains positive, other major cryptocurrencies are losing steam. Ether declined 0.4% to $2,618.86 but is still up 5.7% for the week. Other tokens, including XRP, SOL, MATIC, and ADA, saw declines between 0.4% and 4%, despite weekly gains. Notably, DOGE rose 6.8%.
