Bitcoin (BTC-USD) prices are rallying, boosted by a 50 basis point Federal Reserve interest rate cut last week. However, looking at historical trends, the...
However, looking at historical trends, the cryptocurrency appears to be in a holding pattern as it awaits its potential next big catalyst: the US presidential election.breaks down the jump in bitcoin prices during previous election years, discussing how the upcoming election might influence cryptocurrency markets.After a 75% rally to start the year that brought Bitcoin to nearly $75,000 the Cryptocurrency came off of those highs and is now in a holding pattern .
And by the way, this bottom access here, you can see the day of the year so pretty far into the year in 2020 is when we did see that Bitcoin rally following the results of that November election. So the big question is whether or not the election could lead to a little bit more of a rally in Bitcoin.We had, uh, Vice President Kamala Harris over the weekend and and in the recent days here, talking about what her potential policies could look like, kind of pinning herself as a pro digital assets candidate.
And right now, we're not necessarily seeing that if you go all the way over here, you see the lows of the year for Bitcoin. Israel is bombing targets across many parts of Lebanon, striking senior militants in Beirut and apparently hiding bombs in pagers and walkie-talkies. Hezbollah is firing rockets and drones deep into northern Israel, setting buildings and cars alight.
Federal Reserve Madison Mills Bitcoin Prices Holding Pattern Upcoming Election Cryptocurrency
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