Bitcoin Hits $19K on Dimming Election Uncertainty and Weaker Dollar
Bitcoin rose above $19,000 on Tuesday after Donald Trump said his administration would assist President-elect Joe Biden’s transition to the White House, easing investors’ concerns about a prolonged period of election uncertainty. The BTC/USD exchange rate rose 3.89 percent to a new year-to-date high of $19,100, pointing to an extended upside move towards its previously […]
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Bitcoin traders braced for uncertainty as Donald Trump and Joe Biden entered a tight US presidential election race. The benchmark cryptocurrency surged overnight to above $14,000 in a sharp upside. Its gains came on the prospects of a decisive election win for Biden. But with Trump winning several battleground states in a row, Bitcoin plunged […]
Bitcoin price has remained resilient in the face of plenty of negative news, and not even the uncertainty and anxiety surrounding the pivotal US election can dent the cryptocurrency’s ongoing bullish momentum. Even with investor emotions running higher than ever today, the leading cryptocurrency by market cap won’t stop climbing and is once again heading […]
Analysts at Goldman Sachs are bearish on the U.S. dollar in the near term. Goldman Sachs, the $71.4 billion investment bank, is reportedly bearish on the U.S. dollar. For Bitcoin (BTC), which has recently rallied above the dreaded $11,100 level, this could serve as a potential catalyst.Bitcoin is heading into the last two months of the year with significant uncertainty. But if the dollar continues to slump, it could buoy the momentum of BTC and gold in the fourth quarter.The daily chart of Bitcoin. Source: TradingView.comWhy Goldman Sachs is not optimistic on the dollarZach Pandl, the....
Bitcoin has broken fresh 2020 highs as uncertainty remains in the U.S. presidential election.
The price of Bitcoin suddenly fell by 3% within hours alongside the U.S. dollar, gold and stocks as the outcome of the U.S. election is still up in the air. The price of Bitcoin (BTC) suddenly fell by 3% within hours on Nov. 4 to $13,566 after briefly rising above $14,000. Coincidentally, the U.S. dollar, gold and stocks all fell together in tandem.Analysts are pointing to uncertainty surrounding the election as the catalyst for the sharp correction. Bitcoin 1-hour chart. Source: TradingView.comWhy markets fell after surging during the vote countWhen the mainstream media was actively....