Register
Demo
Contacts
 

Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Bitcoin is fluctuating before the US elections

November, 05 2024
watermark 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.


World-Class Trading Platform

Professional Customer Support

Best Execution

Logo

QUICK LINKS

+ 442 030 976 697
Contact Us
Feedback
twitter

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.