Opens in a new tab

Breaking news

Bitcoin Reaches $72,000: Five-Month High Driven by Election Anticipation

Bitcoin has soared to a five-month high, hitting a remarkable $72,308, driven primarily by the upcoming U.S. presidential election and a positive outlook for cryptocurrencies.

The price of Bitcoin has increased by more than 3%, marking its highest value since May 21. This surge brings Bitcoin’s gains in October to over 11%. Other significant cryptocurrencies also experienced upward momentum, with Ether climbing 4% to reach a ten-day high of $2,637, Binance Coin rising 2% to an eight-day high of $608, and Solana increasing 2% to a three-month high of $182. 

Additionally, shares of companies engaged in Bitcoin mining—an energy-intensive process that unlocks new bitcoins from the blockchain—have also risen significantly. Firms like Core Scientific, Marathon Digital, and Riot Platforms saw their stock prices increase by at least 15% in October.

Several key factors contribute to this remarkable rally. Foremost is the impending U.S. presidential election on November 5, where candidates Kamala Harris and Donald Trump are advocating policies that could lead to a dramatic increase in the national debt. Following the Federal Reserve’s interest rate cut last month, there are growing concerns among sceptics that current monetary policies may be insufficient to tackle inflation. This environment has led investors, including billionaire Paul Tudor Jones, to turn to Bitcoin and gold as hedges against inflation. Notably, gold prices also rose by 6% following the Fed’s rate cut on September 18.

Moreover, the increase in Bitcoin prices aligns with rising odds in the betting markets anticipating a Trump victory. Such an outcome could be favourable for the cryptocurrency market, as Trump has expressed support for pro-crypto policies and has proposed establishing a “strategic national Bitcoin reserve.”

Furthermore, the approval of spot Bitcoin trading funds by U.S. regulators in January has created additional momentum in the market, attracting billions of dollars from institutional investors.

The combination of political developments, market sentiment, and regulatory changes has propelled Bitcoin to new heights. As investors remain optimistic about the cryptocurrency’s future, the upcoming election and its implications for monetary policy will likely play a significant role in shaping market dynamics in the months to come.

Europe’s Deadly Summer Heat Exposed The Cost Of A Warming Continent

Europe experienced its deadliest summer for heat-related deaths on record in 2026, with an estimated 24,400 excess deaths linked to extreme temperatures across 30 countries. Researchers estimate that human-induced climate change was responsible for around 32,000 of the deaths attributed to heat in the study’s broader analysis, accounting for 65% of the total.

The findings highlight the growing public-health consequences of global warming, largely driven by fossil fuel use, as extreme heat becomes more frequent and severe.

A Summer Of Dangerous Heat

Between June and August, heatwaves pushed temperatures in Western Europe to an average of 2.9°C above the 1991–2020 norm, with some days reaching 12°C above average. Nearly a third of estimated heat-related deaths occurred during a particularly intense heatwave between 17 June and 1 July.

“These numbers are a stark reminder that our hotter, more extreme summers are having an increasingly severe impact on public health,” said Dr Clair Barnes, a researcher at Imperial College London and co-author of the study.

The estimated toll exceeded previous peaks of around 29,000 deaths in summer 2022 and 28,000 in 2003 across the region studied.

How Researchers Estimated The Toll

Researchers modelled the relationship between temperature and mortality across 854 urban areas in the EU, UK, Norway and Switzerland, covering around 40% of the population in the 30 countries studied.

The analysis incorporated temperature records, age, socioeconomic conditions, environmental factors and access to healthcare. By comparing actual temperatures with those expected without human-induced warming, the team estimated the additional deaths attributable to climate change.

Final official mortality figures for summer 2026 are not yet available in many countries, and heat-related deaths are often underreported because their effects can be difficult to identify directly.

Older People Face The Greatest Risk

People aged 85 and over accounted for roughly half of the estimated deaths. However, the impact extended across age groups, with around 800 excess deaths among adults aged 20–44 and approximately 6,000 among people under 65.

Southern Europe experienced the highest mortality burden, reflecting hotter temperatures and other vulnerabilities, including air pollution, limited green space and unequal access to healthcare and heat-alert systems.

Italy, France And Spain Record Highest Toll

Italy recorded an estimated 13,303 heat-related excess deaths, followed by France with 7,268 and Spain with 6,824. Germany recorded around 6,340, while the UK saw an estimated 4,354 deaths.

In the UK, the heat also placed significant pressure on healthcare services. Andrew Hartle, Professor of Practice of Anaesthesia at Imperial College Healthcare, said demand during the summer resembled that of a severe winter virus season.

Cities Urged To Strengthen Heat Protection

Researchers say cities can reduce the risks through climate shelters, external shading and building retrofits, alongside measures to help residents avoid exposure during the hottest hours. Checking on vulnerable people, staying hydrated and following heat alerts are also important.

The researchers stress that adaptation must go hand in hand with reducing fossil fuel use to limit further warming. The findings underline that extreme heat is already a major public-health threat across Europe, with thousands of lives at risk each summer.

Uol
Aretilaw firm
eCredo
The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter