Bitcoin hit roughly $69,400 over the weekend before retreating slightly as wars rage on and the US election approaches.  

The asset’s price stood at roughly $67,600 at 4:30 pm ET — down about 2% on the day but up more than 7% from a week ago. 

BTC is about 8% off its all-time high price of more than $73,000 set in March. 

Compass Point analysts Joe Flynn and Ed Groshans said in a Friday research note they expect a new price peak for the asset in the coming weeks or months. 

The factors leading them to that conclusion include increasing stablecoin liquidity; investors front-running $10 billion worth of FTX creditor settlements; the extension of the Mt. Gox repayments deadline,…

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