tldr; Bitcoin has entered an unusually calm period, with its price moving less than 5% for 34 consecutive sessions, as traders await the outcome of the upcoming US election. Historically, Bitcoin has performed well in October, known as ‘Uptober,’ but this year lacks clear drivers. The election’s outcome, particularly the stance of candidates Donald Trump and Kamala Harris on cryptocurrency, is anticipated to influence Bitcoin’s future. Meanwhile, regulatory actions and market dynamics are contributing to the current stagnation in volatility.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
timbulance on
The calm before the election
Paparacisz on
Calm before the storm.
99999999999999999989 on
It is almost as if past performance is not an indicator of future results.
kirtash93 on
Wake me up when US elections end.
jungle on
Isn’t there always a US election right after a halving? Don’t both follow a 4 year cycle?
6 Comments
tldr; Bitcoin has entered an unusually calm period, with its price moving less than 5% for 34 consecutive sessions, as traders await the outcome of the upcoming US election. Historically, Bitcoin has performed well in October, known as ‘Uptober,’ but this year lacks clear drivers. The election’s outcome, particularly the stance of candidates Donald Trump and Kamala Harris on cryptocurrency, is anticipated to influence Bitcoin’s future. Meanwhile, regulatory actions and market dynamics are contributing to the current stagnation in volatility.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
The calm before the election
Calm before the storm.
It is almost as if past performance is not an indicator of future results.
Wake me up when US elections end.
Isn’t there always a US election right after a halving? Don’t both follow a 4 year cycle?