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Unexpected changes in the US presidential election, is the cryptocurrency market entering a winter overnight?
On October 30, bitcoin failed to hit a new all-time high. After rising all the way above $73,600, it was just $100 away from $73,777. Unfortunately, the lack of follow-up funds led to continuous oscillations and consolidation. Finally, it started to decline, and on the evening of October 31, BTC accelerated its decline, dipping to around $68,800 at one point, and has now fallen back to around $69,500.
JPMorgan: If Trump wins, bitcoin and gold are expected to rise further
Retail investors are flocking into bitcoin and gold etf in large numbers before the election. Jpmorgan believes that in the event of Trump's victory, both may have greater upside potential.
Latest news on cryptos | Market sentiment significantly drops, bitcoin once fell below the $69,000 mark; Before the US election, global largest bitcoin etf saw record inflows.
Former USA President Trump posted on social media platform X: "I want to wish our great bitcoin enthusiasts a happy 16th anniversary of Satoshi Nakamoto's whitepaper. We will end Harris's war on cryptos, Bitcoin will be made in the USA! Vote for Trump!"
Before the US presidential election, the largest bitcoin ETF in the world saw record inflows.
The prospects for both presidential candidates are bullish for cryptocurrency assets, with strong demand driving the influx of $0.872 billion into Blackrock's iShares Bitcoin Trust ETF, the world's largest bitcoin ETF, on Wednesday.
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