Bitcoin hits 2-month low on election uncertainty, Mt Gox flows

- Bitcoin slid to a two-month low on Thursday, extending a month-long fall, as uncertainty over U.S. presidential elections and reports of bitcoin supply from a defunct Tokyo-based crypto exchange weighed.

"If he is to be replaced, and there's a lot of conversation going on around that, that person may not be pro-crypto," Josh Gilbert, a market analyst at digital brokerage eToro, said.Bitcoin had a strong start to the year after the launch of exchange-traded funds in the U.S., propelling it to a record $73,803.25 in mid-March as investors poured in. However the rally has fizzled, with bitcoin losing more than 21% since then.

"There is an anticipation that some of those original buyers of bitcoin will start to sell on the market, which is a fairly big chunk," Tony Sycamore, a market analyst at IG, said. If the Optimus robot somehow catapults Tesla to Musk’s $30 trillion market cap target, bears like the Microsoft cofounder could be wiped out—but that is a big if.OTTAWA — The first of four payments from the GST/HST credit is set to hit Canadians’ bank accounts on July 5.TFSA investors can consider holding quality growth stocks such as Propel Holdings right now and derive outsized gains in the next five years.

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