On Election Day, $BTC reversed an early-session decline and rebounded, briefly climbing above $77,500, up about 1.1%, according to MarketScreener.
Nic Puckrin of Coin Bureau noted that historically, Bitcoin has often fallen before rebounding after midterm elections, with the rebound often driven by political uncertainty clearing. However, he also said traders remain concerned about a renewed escalation of tensions in the Middle East, while spot demand has been weak following the Binance hack. Bitcoin ETFs saw net outflows of $643 million last Friday.
Meanwhile, $ETH was around $2,290 and $XRP around $1.25, both fluctuating slightly. I think in the short term, the market is more likely waiting for news to unfold than confirming a trend.
#中期选举 #Bitcoin
For reference only; this is not investment advice.
Nic Puckrin of Coin Bureau noted that historically, Bitcoin has often fallen before rebounding after midterm elections, with the rebound often driven by political uncertainty clearing. However, he also said traders remain concerned about a renewed escalation of tensions in the Middle East, while spot demand has been weak following the Binance hack. Bitcoin ETFs saw net outflows of $643 million last Friday.
Meanwhile, $ETH was around $2,290 and $XRP around $1.25, both fluctuating slightly. I think in the short term, the market is more likely waiting for news to unfold than confirming a trend.
#中期选举 #Bitcoin
For reference only; this is not investment advice.