Bitcoin is expected to reach new all-time highs by the end of 2024, with projections of $125,000 if Donald Trump wins the U.S. presidential election and $75,000 if Kamala Harris wins, according to Standard Chartered. The bank's analysis suggests that regulatory progress, such as the potential repeal of SAB 121, will drive Bitcoin's growth regardless of the election outcome. Recent debates between Trump and Harris have not addressed cryptocurrency policies, causing some volatility in Bitcoin prices. Bitcoin prices fell below $56,000 following the release of the U.S. Consumer Price Index (CPI) report, which showed inflation falling to 2.5% in August. Despite this decline, the market had largely anticipated the CPI data, leading to a stable, albeit lower, Bitcoin price around $56,000. The Federal Reserve's upcoming interest rate decision remains a key factor for market expectations.