๐จ The DEMOCRATS won Congress, Bitcoin plunged to 75,700โฆ and within a few hours it was back near 78,000 ๐
Election night in the United States left a clear lesson for your wallet.
๐ณ๏ธ As the first results came in, Bitcoin fell by more than $2,000 and touched its lowest level in about seven weeks. The fear: a Congress controlled by Democrats could block the laws the crypto sector had been waiting for for months.
๐ But once the result became clear, the price bounced back in a V-shape. Uncertainty hurts the market more than bad news. Plus, with a Congress opposed to the president, sudden rule changes become less likely.
๐ While many were panic-selling, big players bought about $420 million in bets that the price would rise, against only about $105 million in sales. Big money used the dip to get in.
๐ ETH is up nearly 2% to around 2,290. Zcash has bounced more than 10% toward 1,250, about two days before its major upgrade, which will make its blocks three times faster.
๐ก What this means for you: selling on a night of fear often means selling at the worst price. Crypto laws in the United States may now take longer, so the road ahead will be slower, not necessarily lower.
Did you sell during last night's dip, or did you take the opportunity to buy? ๐
#Bitcoin #BTC #Elecciones #ETH #Zcash
Election night in the United States left a clear lesson for your wallet.
๐ณ๏ธ As the first results came in, Bitcoin fell by more than $2,000 and touched its lowest level in about seven weeks. The fear: a Congress controlled by Democrats could block the laws the crypto sector had been waiting for for months.
๐ But once the result became clear, the price bounced back in a V-shape. Uncertainty hurts the market more than bad news. Plus, with a Congress opposed to the president, sudden rule changes become less likely.
๐ While many were panic-selling, big players bought about $420 million in bets that the price would rise, against only about $105 million in sales. Big money used the dip to get in.
๐ ETH is up nearly 2% to around 2,290. Zcash has bounced more than 10% toward 1,250, about two days before its major upgrade, which will make its blocks three times faster.
๐ก What this means for you: selling on a night of fear often means selling at the worst price. Crypto laws in the United States may now take longer, so the road ahead will be slower, not necessarily lower.
Did you sell during last night's dip, or did you take the opportunity to buy? ๐
#Bitcoin #BTC #Elecciones #ETH #Zcash
