The price of Bitcoin surged past $71,000, reaching its highest level since June.Bitcoin's rise is believed to be influenced by the upcoming US elections, seen as a bullish catalyst for the market.Spot Bitcoin ETFs have experienced significant inflows, with approximately $4 billion pouring into these funds in the last two weeks.Analysts project that Bitcoin could reclaim $73,000 highs on Election Day and potentially reach $80,000 if Donald Trump retakes the White House.