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Bitcoin is fluctuating before the US elections

十一月, 05 2024

Economic news

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.

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外汇本质上有高度的投机性和复杂性，可能并不适合所有投资者。外汇交易可能会带来重大的收益或损失。因此，建议您不要承担无法承受的损失。在使用ForexMart提供的服务之前，请确认外汇交易相关联的风险。必要时寻求独立的财务意见。请注意，过去的业绩和预测都不是未来结果的可靠指标。