Yesterday (November 4), BTC surged. There was one main reason: the results of the U.S. midterm elections came in, removing uncertainty.
#BTC走势分析
Here’s how it played out: Before the election, the market feared that a Democratic sweep of Congress would obstruct Trump’s crypto-friendly policies, and BTC was briefly pushed down to a low of $75,618. But once the results became clear, the market realized that “this is about as bad as it gets”—although the Democrats won, Trump could still use executive orders and veto power to push back, making an extreme policy shift against crypto unlikely. As a result, selling pressure quickly reversed.
#BTC走势分析
Here’s how it played out: Before the election, the market feared that a Democratic sweep of Congress would obstruct Trump’s crypto-friendly policies, and BTC was briefly pushed down to a low of $75,618. But once the results became clear, the market realized that “this is about as bad as it gets”—although the Democrats won, Trump could still use executive orders and veto power to push back, making an extreme policy shift against crypto unlikely. As a result, selling pressure quickly reversed.
