Bitcoin levels of Fear and Greed Index at belief, suggesting price might rally due the influence of US election outcomes on crypto markets.
could be in for a dramatic ride with the US Presidential elections, but the result will hugely influence its movement.
The US elections have consistently impacted cryptocurrencies like Bitcoin. As one of the world’s largest economies, the United States plays a crucial role in market liquidity.Over the last three elections, Bitcoin’s price responded positively, with traders anticipating optimistic gains amid political changes.
In terms of Bitcoin’s valuation metrics, the MVRV Z-Score currently points to significant upside potential. This score measures market cap against realized cap, helping to assess if BTC is overvalued or undervalued.
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