Bitcoin bull run election years source. 3 election fell to a two month low of 60 in annualized terms over the weekend having peaked at 80 in august according to.
Bitcoin Price Plunge As Biden Wins The Us Election Invezz
In the past bitcoin wasnt able to take out its former all time high until after the election was over and a new president was sworn in.
Bitcoin election. Bitcoin price may experience high volatility due to the upcoming us presidential election. Election the future of the pandemic or fear of missing out the cryptocurrency is at the highest level since january 2018. The flagship cryptocurrencys latest gains came amid then ongoing voting round to elect the next us president.
Whether its uncertainty from the us. If 2012 was the facebook election and 2016 was dominated by twitter 2020 could be the year of the bitcoin president. All eyes are on the us election this week and even with only one day to go there is still considerable uncertainty surrounding the outcome.
As bitcoin hovers around its 12 month high of 14000 there are some who feel it has further to go irrespective of whoever wins the election. The bitcoin price has soared in the run up to the. The crypto industry will continue to make progress with mainstream investors consumers and regulatory agencies regardless of who the next us president is.
Its not surprising given that 43 of gen z and millennials think that crypto could replace the us financial system today. Bitcoin logged an overnight rally tuesday as its price hit 14000 for the second time in just three days. On chain data shows that breaking above or below the 13000 14000 range will determine where btc is.
Earlier polls favored a win for democratic nominee joe biden a candidate that promised to boost government spendings to aid the us economy through the coronavirus pandemic. Bitcoin defends 13000 but its next move is uncertain amid a wild year filled with economic uncertainty and pandemic concerns the crypto industrys top asset bitcoin btc has posted a. Bitcoin has momentum election or not.
This time around the market may prefer a repeat win from trump as analysts explain would be a more favorable environment for the corporate world to. Bitcoins three month implied volatility which captures the nov. Bitcoin is in rally mode once more.
Election has put the country on course for its highest turnout in a centurywith campaigns and candidates dominating headlines. Blockchain voting may still be a way off but 2020s us presidential candidates are starting to take bitcoin and other cryptocurrencies seriously.
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