Bitcoin reached a three-month high on October 28, approaching the $70,000 mark while experiencing a 3% increase. The broader altcoin market, however, saw modest gains, with Ethereum up 0.5% and other tokens like Polygon and Near declining. Dogecoin notably surged 10% after being highlighted during a Donald Trump campaign event. This rise is linked to its popularity among traders, especially as Elon Musk supports Trump, drawing parallels between Dogecoin and U.S. presidential outcomes. Current predictions suggest Trump has a nearly 66% chance of winning the upcoming election, up from 61% a week earlier. The stock market also rose, with the Dow Jones increasing by 0.7%. Analysts believe Bitcoin's current setup resembles its bullish trajectory in late 2020, indicating potential for further gains as the election approaches.

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