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Latest cryptos news | Bitcoin rises close to $69,000, analysis: history shows that regardless of who wins, Bitcoin may rise after the usa election.
CloverPool (formerly BTC.com) data shows that the bitcoin mining difficulty encountered a mining difficulty adjustment at block height 868,896 (2024-11-05 06:28:08), with a 6.24% increase in mining difficulty to 101.65 T. Currently, the average network hash rate is 831.56 EH/s.
On the eve of the US election day, traders are betting that the price of bitcoin will experience significant volatility.
A 30-day indicator measuring the implied volatility of the largest digital assets has reached its highest level since the global market crash in August.
Latest cryptos news | The cryptocurrency market is experiencing significant volatility, with bitcoin falling back to $69,000; Traders say bitcoin will fluctuate 10% based on the outcome of the USA election.
According to Adam, a macro researcher at Greeks.live, who posted on the X platform, this week is the week of the usa election. There is a lot of uncertainty in the current usa election. Trump's popularity has been high in the past month, but Harris's winning percentage is gradually increasing during the election process. The usa election has a significant impact on the entire market. There is also a rate decision meeting on Friday, with the general market belief being a 25 basis point rate cut. Currently, the cryptos market is mainly focused on observing and hedging.
From stocks to cryptos market, investors are preparing to face the volatility of the usa presidential election.
Just before the fiercely competitive and closely contested usa presidential election, it seems that options traders in various markets are reducing risk and preparing for more volatility.
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.
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