Bitcoin is fluctuating before the US elections

Bitcoin showed weak growth on Tuesday, trying to regain lost ground after six days of continuous decline. However, the recovery looks indecisive due to the ongoing uncertainty ahead of the US presidential election.

Last week, bitcoin almost reached a historic high amid speculation about Donald Trump's victory and his promise to create a favorable political climate for cryptocurrencies. However, recent polls and forecast markets show that Trump's advantage has shrunk to a minimum ahead of the vote, which begins on Tuesday.

The current quote of BTC is $68,838, it received support from the $66,800 zone the day before. While some investors continue to believe in Trump's victory (online forecasts estimate the chances of his victory at 59%), others prefer to wait for the results of the vote before making decisions about buying high-risk assets.

Uncertainty is also heightened by the expectation of the Fed meeting this week and the general caution of global financial markets ahead of the fateful event — the US presidential election.