Bitcoin Gives Up Gains as U.S. Election Anxiety Unleashes Crypto Volatility
The worst case scenario for risk assets including cryptocurrencies would be a delayed or contested election where the result is unknown for weeks, one observer noted.
Bitcoin Price
Ether Tumbles 5.8%, Leading Large Crypto Losses, With Bitcoin Sliding Below $71K
Crypto-linked stocks such as MicroStrategy, Coinbase, Robinhood and bitcoin miners MARA, RIOT also suffered sizable declines.
Institutional Investors Position for Bitcoin Volatility Into the U.S. Election
Some $350 million notional value of November call options traded on CME with a breakeven bitcoin price of nearly $80,000, anticipating a rally next month, one analyst noted.
Bitcoin Tops $73.5K, Climbing Just Shy of New Record High
The largest crypto has extended its year-to-date gain to nearly 75% and has more than doubled from year-ago levels.
Dogecoin Jumps 10%, Outperforming on Trump Popularity as Bitcoin Nears $70K
Bitcoin’s “bullish setup” into the U.S. election next week mirrors late 2020, which preceded a 120% rally in two months, Matthew Sigel of VanEck said.
Bitcoin ETFs Will Soon Hold 1M Tokens, Nearly as Much as Satoshi
The holdings of the U.S. spot bitcoin exchange-traded funds are about to cross over one million tokens after only ten months of trading.
Bitcoin Pulls Back Below $67K; Is Another Crypto Rally Failing?
Bitcoin price on Oct. 21 (CoinDesk)
Crypto for Advisors: Bitcoin’s Price
Bitcoin began to gain wider attention in the October 2023 rally when it became more clear that so-called “spot” ETFs would be approved and launched soon. The launch of 11 ETFs on Jan. 11 was a milestone for the digital asset world and broke ETF records.
History Suggests Crypto’s Bullish Momentum Should Continue Into the U.S. Election and Afterwards
With less than three weeks until the U.S. presidential election, traders are positioning themselves for what’s to come after Nov. 5 and how a new administration will respond to factors affecting financial markets, including crypto.
Bitcoin Bounces 7% Above $63K as Crypto Traders Eye China Stimulus Statement
Bitcoin price on 10 11 (CoinDesk)