Bitcoin price outlook hinges on 2024 US election outcome
Bitcoin’s price could see a surge in volatility after the U.S. presidential election, and analysts suggest this could positively impact its price outlook. Early on election day, at 8:05 am UTC, Bitcoin remains well below its previous all-time high of $69,000. This subdued price movement reflects a cautious market sentiment as investors await election results, […]
Bitcoin Holds Steady as Market Awaits Election Uncertainty
Bitcoin’s price fluctuations, often a barometer of the cryptocurrency market’s overall sentiment, have slowed as traders brace for potential impacts from the U.S. election. Analysts at Bitfinex suggest this could indeed be the “calm before the storm.” In a recent market update titled “Calm Before the Storm?” Bitfinex analysts highlighted that Bitcoin’s implied volatility — […]
Bitcoin ETFs See Major Daily Outflows Ahead of Election Day
On the eve of a major election, U.S.-based Bitcoin exchange-traded funds (ETFs) recorded their second-largest daily outflows, marking a substantial reduction in holdings as investors brace for potential market shifts. Data from CoinGlass shows that on Monday, Nov. 4, a net outflow of $541.1 million was reported across 11 spot Bitcoin ETFs, with BlackRock’s iShares […]