Bitcoin held its 100-day moving average at the monthly close as cryptocurrency markets braced for the US midterm elections, employment data, and earnings from Apple and Palantir. Kalshi traders assigned Democrats a 93.6% chance of winning control of the House, while Bitcoin recorded its weakest October since 2014. US nonfarm payrolls are forecast to rise by 65,000 in October, and markets expect the Federal Reserve to raise interest rates by 0.25 percentage points at its December meeting. After declining 6.4% for the quarter, Bitcoin remains above its 100-day moving average at $76,548 and reclaimed its 100-week exponential moving average at $77,759.
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