Overbought Bitcoin Drops from $14K High as Election Looms; What’s Next?
Bitcoin prices slid Monday ahead of an election that will shape its bias for the rest of the year. The benchmark cryptocurrency plunged 2.7 percent following its best month in more than a year. Futures tied to the BTC/USD pair also inched lower by 1.27 percent, pointing to a declining institutional interest in the cryptocurrency […]
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As a national election looms, focus is shifting towards crypto policy, which critics say the Opposition party is lacking. Australia’s opposition Labor party is facing criticism over its lack of formal policy regarding the cryptocurrency industry just days before a national election is expected to be calledPrime Minister Scott Morrison, from the Liberal Party, is expected to fire the starters pistol for a Federal election this weekend. However, the Australian Labor Party (ALP) is well ahead in the polls at this stage and their crypto policies are less than comprehensive.With at least 18% of....
Bitcoin could hit a new year-to-date (YTD) high, abetted in part by the risks surrounding the US presidential election. The analogy takes cues from a quarterly commodity outlook published by Citigroup. The American banking giant specifically based its report on gold and its potential behavior amid the election season this November. It noted that the […]
Crunch time in the U.S. comes as coronavirus sparks more lockdowns and money printing plans in Europe. Bitcoin (BTC) starts a new week and month just dollars away from its highest monthly close in history — what’s in store next?Cointelegraph takes a look at five price factors which may influence BTC/USD as the U.S. goes to the polls and coronavirus sparks new Europe-wide lockdowns.Election day looms for Trump vs. BidenThis week contains a geopolitical event which traditionally plays havoc with markets: the U.S. presidential election.Coming at a time when coronavirus angers and restricts....
FOMO has returned to the crypto market in a major way, now that Bitcoin has set a new all-time high price record. But as more buyers pile in after an already nearly 200% rally in 2020, indicators are reaching extreme readings of overbought conditions, that nearly every time in the past has resulted in a […]
Bitcoin has broken fresh 2020 highs as uncertainty remains in the U.S. presidential election.