Traders Express Caution Regarding Bitcoin as Election Day Arrives
Traders have long been looking towards election day as a potential catalyst for Bitcoin volatility that helps shapes the cryptocurrency’s future trend That day is now here, and BTC is actually seeing some positive price action so far this morning Bulls are in the process of pushing the crypto up towards its $13,800 resistance that has held strong throughout the past few weeks One trader is not expecting this momentum to last for too much […]
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Today is Election Day and with it (hopefully) arrives the outcome of one of the most pivotal and polarizing Presidential showdowns in history. It also marks the third election since Bitcoin’s inception. On this monumental day, we’re looking back at the more than a decade of crypto asset’s ongoing campaign trail to take over money. Crypto Campaign Retrospective: Looking Back At Bitcoin Performance Between Each Major Election Things are looking brighter for Bitcoin than they […]
There may be fireworks. As the 2020 U.S. presidential election draws near, two crypto traders on Twitter shared their predictions for how Bitcoin's price could react to the event. "If we have a clear winner and an easy transition of power, I do not see much of an impact on the price per coin," trader BigCheds told Cointelegraph. "On the other hand, if we have a close and/or contested election, we should see a bounce in risk-off assets like gold and Bitcoin."The election is a summation of 2020's wild year, with a number of other factors also remaining at play. "This election year is....
Not saying that the US election results could impact an independent market like Bitcoin, one can still see digital currency traders mirroring stock market traders’ cautious take. Traders might want to take a break as the race for next presidential election gets tighter with each passing day. The world’s leading markets, namely S&P 500 (-2%), Dow Jones (-1.5%), Nasdaq Composite (-2.8%), have encountered a short burst of volatility, illustrating how speculators are giving too much weightage to pre-poll readings. These are, however, just cautious parameters amid uncertain....
The world is now just one day out from the 2020 U.S. Presidential Election, an event that will undoubtedly have far-reaching implications that impact Bitcoin, altcoins, and the traditional markets for potentially years to come. BTC has been showing immense signs of strength heading into the election, bucking a consolidation phase seen by the stock […]
Monday's sell-off shows bitcoin is likely to trade off with risky assets like stocks if U.S. election chaos sends markets into a fresh downdraft.