Bitcoin on track for best monthly gain since March

Bitcoin trades at $72,362 (-0.50%), on track for a stunning 14.3 % gain in October, its largest monthly gain since March 2024.

Bitcoin's rally this month has been driven by a supportive risk backdrop, geopolitical uncertainties, and the market's continued pricing in a Donald Trump election victory next week.

Bitcoin needs to see a sustained break above resistance at $74,000 (ideally after next week's US election) to confirm the uptrend has resumed towards $80,000.