US Presidential Election Unlikely to Alter Bitcoin’s Path: Analyst
Crypto analyst George McDonaugh says that the U.S. presidential election is unlikely to change the bitcoin price’s upward trajectory. He draws on a number of fundamental and technical factors to illustrate his point. For example, McDonaugh argues that the recent surge in the price of bitcoin (BTC) is actually part of a sustained rally since the ‘Covid capitulation’ event back in March. “Since then we’ve seen nothing but bullish signals appear one after another,” McDonaugh said, in thoughts shared with news.Bitcoin.com “We’ve seen four....
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More than 100 members of our community offered their U.S. Presidential Election hopes and predictions. How do they think Trump or Biden will affect Bitcoin? The post Bitcoiners Weigh In On The U.S. Presidential Election appeared first on Bitcoin Magazine.
Promoted: Though Bitcoin is apolitical, it's clear that the price of BTC will be affected by the recent U.S. Presidential Election. The post How Will The U.S. Presidential Election Affect The Bitcoin Price? appeared first on Bitcoin Magazine.
The bitcoin options market looks to be predicting a pick up-in price volatility following the U.S. presidential election.
While the United States prepares for the results of the 2020 Presidential Election, a number of data points and traders expect some significant cryptocurrency price fluctuations this week. Statistics from skew.com show bitcoin’s 30-day implied volatility has increased to 59% while 3-6 month stats jumped over 62%. The digital currency economy is hovering at around $388 billion, which is a giant jump from where it was during the last U.S. election in 2016. For instance, during the 2016 presidential race, the price of bitcoin (BTC) was around $709. Since then the crypto-asset BTC has....
It’s election season and now it’s time to get active: betting on the 2016 Presidential election in bitcoins is a thing! It’s going to be a wild one, so buckle up. There are still numerous events forthcoming before the election on November 7. Things could change. In the meantime, we laid out the best places on the web to profit off the US election by placing bets in bitcoins. We should note: don’t gamble away more than you afford to lose. Read on to see the insights given by the current odds for the 2016 presidential election. Fairlay – This prediction market for Bitcoin offers an enticing....