This is something common pattern of growth with bitcoin, and I this growth will go until the days close to the US election. By then we can expect some
deflection, so it is time to make some profit from bitcoin volatility.
I really do not think that the price of bitcoin is linked to the US elections. The stock market might have a change considering the policies they are planning to implement and i am not expecting the same change in the price of bitcoin even though i am hearing about the cryptocurrency regulatory framework for a very long time.
There are many contributing factors why bitcoin is increasing in the market. The US election may have a lil bit part of it but identifying it as a major push to what's happening in the market is I think too much. But whatever the reasons are, of course crypto users are happy when bitcoin is continuously going up. Even with the pandemic crisis, here we are, bitcoin is soaring.