Tag Archives: BTC

Bitcoin Rebounds from a Four-Month Low Amid a Corrective Wave

Bitcoin Rebounds from a Four-Month Low Amid a Corrective Wave

Bitcoin recovers from its lowest level in four months,
benefiting from a corrective wave as global economic conditions improve.

 

Contents

 

 

Cryptocurrencies

Crypto Market Recovery Ends a Widespread Sell-Off

Bitcoin has seen a significant rebound after hitting a four-month low last week,
supported by the recovery of high-risk assets following recent turmoil in global markets.

This improvement followed a decline in pressures stemming from U.S. tariff policies under President Donald Trump,
along with easing concerns over a potential government shutdown.
These factors contributed to market stabilization and reduced the broad sell-off that had impacted various asset classes,
including cryptocurrencies.

Ravi Doshi, Co-Head of Markets at FalconX, commented:
 “As we approach the end of a week marked by widespread selling of high-risk assets,
we are now witnessing a corrective upward wave driven by reduced overselling conditions.
The avoidance of a U.S. government shutdown has also helped ease market uncertainty.”

 

 

 

 

 

 

 

Bitcoin

Bitcoin Regains Momentum

It surged 6.2%, reaching $85,301 yesterday, while smaller cryptocurrencies experienced even larger gains.
Solana rose by more than 9%, Chainlink jumped 13%, and XRP advanced by approximately 8% during trading.

Bitcoin had previously dropped to $77,000 last Tuesday, marking its lowest level since the recent U.S. presidential election in November.
This decline represented a 30% drop from its all-time high of $109,000, recorded in January.

This sharp drop triggered significant capital outflows from Bitcoin exchange-traded funds (ETFs),
along with a large-scale liquidation of long positions in the cryptocurrency derivatives markets.
Trading data indicated that some investors had been betting on Bitcoin falling to $70,000 by the end of February.

Stefan Ouellette, Co-Founder of FRNT Financial Inc., noted:
 “The cryptocurrency market is recovering alongside other high-risk assets.
It appears that macroeconomic-driven asset liquidations have at least temporarily paused.
Any further stability in the broader macroeconomic environment is expected to provide additional support for cryptocurrency prices.”

 

 

 

 

 

United States

U.S. Economy and Its Impact on Cryptocurrencies

Despite former President Donald Trump hosting a crypto leaders summit at the White House last week,
issuing an executive order to establish a strategic Bitcoin reserve,
and dropping several lawsuits against major cryptocurrency companies, these moves did not significantly boost Bitcoin’s price.
Investors remain focused on broader economic factors such as U.S. inflation and tariff policies.

James Davies, CEO of Crypto Valley Exchange, a platform for futures and options trading directly on blockchain, stated:
 “The recent recovery in cryptocurrencies appears to be primarily driven by global macroeconomic factors,
particularly lower-than-expected U.S. inflation figures,
which have alleviated concerns about the American economy.”

With economic uncertainty persisting, investors are closely monitoring monetary and trade policy developments,
as any major shifts in these areas could significantly impact cryptocurrency prices in the coming months.

 

 

 

Bitcoin Rebounds from a Four-Month Low Amid a Corrective Wave

Crypto Decline Continues as Bitcoin Hits Lowest Level Since November

Crypto Decline Continues as Bitcoin Hits Lowest Level Since November

Cryptocurrencies continue their sharp decline amid escalating economic concerns,
with Bitcoin plunging to its lowest level since November,
impacted by trade tensions and U.S. economic policies.

 

Topic

Economic Pressures

Widespread Decline

Bitcoin’s Future

 

 

 

 

 

 

Economic Pressures

The cryptocurrency market has extended its sharp downturn,
with Bitcoin dropping to its lowest level since November due to mounting concerns over the impact of tariffs imposed by the U.S. administration.
These fears have overshadowed recent positive statements from former President Donald Trump regarding support for digital assets.

Risky assets like cryptocurrencies are under significant pressure, as investors shift towards safe havens such as U.S. Treasury bonds amid fears that tariffs and recent economic measures could slow down growth in the world’s largest economy. While initial optimism followed Trump’s announcement of plans to establish a strategic cryptocurrency reserve, market sentiment quickly turned negative as aggressive sell-offs were triggered by worsening macroeconomic conditions.

 

 

Widespread Decline

Bitcoin tumbled 6.8% to $77,416, marking its lowest point since November 10. Other cryptocurrencies, including Solana, Cardano, and XRP—coins that Trump previously mentioned as potential assets for the U.S. digital reserve but were not included in his executive order—also suffered sharp declines.

Stocks linked to the crypto sector were hit hard as well. Coinbase Global plummeted 18%, recording its biggest drop since July 2022, while Michael Saylor’s Bitcoin-focused firm saw a 17% loss. Despite Trump’s pro-crypto stance, including his executive order to create a Bitcoin reserve in the U.S. and maintain separate holdings for other tokens, the lack of new financial commitments has disappointed investors and weakened market momentum.

 

 

Bitcoin’s Future

Currently, the U.S. government holds approximately $17 billion in Bitcoin and around $400 million in various other cryptocurrencies,
mostly obtained through asset seizures in civil and criminal cases.
However, analysts argue that the lack of clarity on how these assets will be managed has negatively impacted investor confidence.
Some market observers believe that the Trump administration appears to be favoring specific assets based on lobbying groups,
further increasing uncertainty in the crypto market.

Since February, investors have pulled a net $4.4 billion from U.S.-traded Bitcoin exchange-traded funds (ETFs),
which played a key role in Bitcoin’s rise to record highs last year.

Analysts predict that Bitcoin could trade between $70,000 and $80,000 in the coming weeks.
They also suggest that a potential market recovery will depend on the resolution of the trade tariff dispute
and the Federal Reserve resuming interest rate cuts.

 

 

 

Crypto Decline Continues as Bitcoin Hits Lowest Level Since November

Bitcoin Loses 28% of Its Value – What’s Behind the Decline?

Bitcoin Loses 28% of Its Value – What’s Behind the Decline?

After a series of sharp fluctuations, Bitcoin has experienced a significant 28% drop in value,
raising questions about the factors driving this steep decline in the world’s largest cryptocurrency.

 

 

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Geopolitical Pressures

Understanding Bitcoin’s price movements has always been a challenge due to the multiple factors influencing the cryptocurrency market.
This has been particularly evident in recent days as analysts attempt to determine the reasons behind Bitcoin’s 28% decline from its all-time high of $109,000 on January 20—the day Donald Trump, a vocal supporter of digital assets, was inaugurated as U.S. president.

 

 

 

 

Factors Behind the Drop

1. Macroeconomic Pressures

Bitcoin’s downturn did not occur in isolation; it was accompanied by a notable drop in the U.S. stock market,
where the Nasdaq 100 Index lost approximately 7% since its peak on February 19.

Bitcoin is often viewed as a high-beta asset, meaning its price movements are magnified compared to broader market trends.
Concerns over the economic impact of Trump’s new tariffs on trade partners have heightened financial market volatility,
prompting investors to pull back from risky assets, including cryptocurrencies.

Caroline Bowler, CEO of BTC Markets, commented:
“Bitcoin’s recent drop reflects macroeconomic concerns related to Trump’s tariffs and geopolitical uncertainty.”

 

2. Largest Crypto Hack in History

On February 21, cryptocurrency exchange Bybit suffered a $1.5 billion hack, marking the largest cyberattack in crypto history.

The attack, widely attributed to North Korea’s Lazarus Group, alarmed investors, especially as it targeted “cold wallets”,
a storage method previously considered highly secure due to its offline nature.

Zohaib Ibtikar, co-founder of Split Capital, noted:
“A hack of this magnitude shakes investor confidence, making some reconsider the security of the market.”

 

3. Outflows from Exchange-Traded Funds (ETFs)

Massive withdrawals from Bitcoin ETFs have added further pressure on prices. In February,
these funds recorded their largest net monthly outflow since their launch in January 2024,
with an exodus of $3.3 billion, according to Bloomberg data.

Michael Rosen, Chief Investment Officer at Angel Investments, stated:
“Hot money that rapidly entered the market left just as quickly at the first signs of a downturn.”

 

4. Arbitrage in the Derivatives Market

The unwinding of “cash and carry trade” strategies contributed to increased selling pressure.
Premiums on Bitcoin futures at the Chicago Mercantile Exchange (CME) have dropped to their lowest levels since July,
according to a K33 Research report from February 25.

Mark Connors, founder and Chief Investment Strategist at Risk Dimensions, explained:
“ETFs’ movements have been significantly impacted by arbitrage players such as hedge funds operating through futures and options.”

 

5. Weakening of the “Trump Trade” Momentum

The prices of various assets that were expected to benefit from Donald Trump’s return to the White House have declined in recent weeks,
with Bitcoin among the most affected.

Despite the SEC dropping multiple lawsuits against crypto firms, regulatory support has been slower than expected.
Trump had pledged during his campaign to establish a strategic national Bitcoin reserve,
but this proposal has yet to see meaningful progress.

Meanwhile, lawmakers in Montana, North Dakota, and Wyoming have rejected proposals to create state-level crypto reserves,
citing concerns over volatility and associated risks.

Paul Howard, Senior Manager at Vincent, noted:
“The lack of positive news regarding expected executive orders, combined with U.S. inflation figures, has fueled market caution.”

 

 

 

 

What’s Next for Bitcoin

As financial markets remain under pressure, investors are closely watching several key factors:

  • Future policies of the Trump administration on cryptocurrencies.
  • Impact of geopolitical tensions on risk appetite.
  • Trends in Bitcoin ETF inflows and outflows.

Despite these challenges, many analysts believe that the market could rebound once economic and political conditions stabilize.

 

 

 

Bitcoin Loses 28% of Its Value – What’s Behind the Decline?

 

Bitcoin Drops Below $90,000 Amid a Massive Sell-Off

Bitcoin Drops Below $90,000 Amid a Massive Sell-Off

Cryptocurrencies have experienced a significant decline,
with Bitcoin falling below $90,000 amid a sell-off that impacted the market following the diminishing effect of Donald Trump’s election victory.

 

 

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Cryptocurrencies

Crypto Declines as Trump’s Influence Fades

Bitcoin’s value dropped below $90,000, hitting its lowest level since mid-November,
as the post-election rally following Donald Trump’s victory began to fade.

The cryptocurrency lost approximately 7.6%, trading at around $88,300 as of 11:38 AM on Tuesday in London,
marking its lowest level since mid-November.
Other cryptocurrencies also suffered losses, with Ethereum and Solana declining by nearly 10% during the session.

 

 

Bitcoin

Bitcoin Down 20% Since Trump’s Inauguration

The digital asset market has sharply reversed from the risk-driven rally that followed Trump’s election win.
Bitcoin has dropped about 20% since the U.S. president took office in January,
as his tough stance on allies and geopolitical rivals alike has shaken investor confidence and raised concerns about persistent inflation.

According to Adrian Przelozny, CEO of the cryptocurrency exchange Independent Reserve,
“Bitcoin’s decline is likely linked to overall macroeconomic uncertainty,
which has negatively affected most financial markets over the past two days,
particularly due to the various tariffs announced by President Trump.”

 

 

Successive Setbacks

Crypto Market Faces Continued Challenges

Market sentiment has turned pessimistic after a series of industry setbacks.
Among the most significant events was the largest-ever cryptocurrency security breach,
along with a scandal involving a meme coin promoted by Argentine President Javier Milei.

Caroline Moron, co-founder of Orbit Markets, a firm specializing in cryptocurrency derivatives liquidity, stated,
“The Bybit hack is the latest in a series of troubling events, such as the launch of questionable meme coins,
which have brought back unpleasant memories for crypto traders.”

 

 

Bitcoin Drops Below $90,000 Amid a Massive Sell-Off

Bitcoin Suffers Largest Loss in 3 Months Amid Regulatory Concerns and Volatile Markets

Bitcoin Suffers Largest Loss in 3 Months Amid Regulatory Concerns and Volatile Markets

Bitcoin experienced a sharp decline of over 5%, marking its largest drop in three months,
driven by regulatory concerns and a wave of profit-taking in global markets.
This decline comes amid ongoing anticipation regarding U.S. Federal Reserve policies and escalating global economic tensions.

 

Topic

Broad Decline in Speculative Markets

Impact of the Federal Reserve and Financial Markets

Regulatory Adoption and the Future of Cryptocurrencies

 

 

 

 

 

 

Broad Decline in Speculative Markets

Bitcoin fell by more than 5% on Wednesday, its steepest drop in over three months,
amid growing concerns about the Federal Reserve’s future interest rate policy.
This decline coincided with similar losses in other high-risk assets,
pushing the leading cryptocurrency closer to the $100,000 threshold.
Bitcoin was trading at $100,230 on Thursday morning in Singapore.
Other major cryptocurrencies, such as Ether, XRP, and Dogecoin, also experienced similar declines.

The Federal Reserve cut interest rates for the third consecutive time but lowered its expectations for additional cuts in 2025.
Federal Reserve Chair Jerome Powell emphasized the need for further progress in controlling inflation
before implementing additional rate reductions, dampening investors’ appetite for high-risk assets.

 

Impact of the Federal Reserve and Financial Markets

Tony Sycamore, a market analyst at IG Australia, noted that the Federal Reserve’s statement was not surprising to investors
but served as a catalyst for liquidating some speculative investments that surged after the U.S. elections.
Other markets experienced similar effects, with the dollar index rising while global stocks and bonds declined.
Additionally, concerns over a potential partial U.S. government shutdown further heightened market uncertainty.

Despite the recent dip, Bitcoin has surged 50% since the November 5 elections, reaching an all-time high of $108,316 earlier this week.
This performance was fueled by President-elect Donald Trump’s promises to ease regulatory restrictions on cryptocurrencies
and support for establishing a national strategic reserve for digital assets.

 

Regulatory Adoption and the Future of Cryptocurrencies

Paul Veradittakit, managing partner at Pantera Capital, stated that Bitcoin has a strong foundation
and positive outlook despite recent setbacks.
He added that disappointment among some investors regarding Federal Reserve decisions prompted profit-taking.
Meanwhile, President Trump’s support for cryptocurrencies continues to bolster investor confidence,
overshadowing concerns about valuation and speculative momentum.

However, these positive prospects come amid regulatory restrictions imposed by the Biden administration after the 2022 market crash,
which exposed risky practices and fraudulent schemes.
Under these circumstances, the outlook for cryptocurrencies remains cautious,
balancing between institutional adoption and regulatory pressures.

 

 

 

Bitcoin Suffers Largest Loss in 3 Months Amid Regulatory Concerns and Volatile Markets

Bitcoin Surpasses $100,000 for the First Time

Bitcoin Surpasses $100,000 for the First Time Following Appointment of Crypto Advocate to the SEC
Bitcoin hits a new record, exceeding $100,000, fueled by the appointment of a crypto-friendly figure to the U.S. Securities and Exchange Commission, signaling a potential shift in regulatory policies and unprecedented support for the sector.

 

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Trump

Trump Selects Paul Atkins to Lead the SEC

President-elect Donald Trump’s choice of Paul Atkins, known for his support of cryptocurrencies, as the new head of the U.S. Securities and Exchange Commission, sparked a wave of optimism in the digital asset market. The announcement propelled Bitcoin to a historic milestone, surpassing $100,000 in Asian trading on Thursday. The cryptocurrency later reached $103,000, while the overall market value of cryptocurrencies soared by approximately $1.4 trillion since Trump’s election victory.

This appointment follows a prolonged period of stringent regulatory measures under outgoing SEC Chair Gary Gensler, who adopted a tough stance on crypto assets, particularly after the 2022 market crash. With Atkins at the helm, the market anticipates a significant shift toward more supportive policies, raising investors’ hopes for a brighter future in the digital currency space.

 

Historic Surge and Market Volatility

As traders celebrate this development, analysts have cautioned about the inherent volatility in the cryptocurrency market. Despite Bitcoin’s 135% rise this year, questions linger about the sustainability of this growth amidst critics urging caution.

On the other hand, the market drew further encouragement from Russian President Vladimir Putin’s endorsement of cryptocurrencies, which bolstered global optimism. Additionally, Bitcoin exchange-traded funds in the U.S. recorded substantial inflows of $32 billion this year, with a notable surge since Trump’s election.

 

A New Vision for Cryptocurrencies

Trump has pledged to transform the U.S. into a global hub for cryptocurrencies by rolling back previous restrictions
and appointing pro-crypto regulators.
Among his bold proposals is the creation of a national strategic Bitcoin reserve,
reflecting his ambitious vision to enhance the digital currency’s role in the U.S. economy.

This historic rise of Bitcoin marks a turning point in the cryptocurrency narrative but also raises questions
about the market’s readiness to handle such explosive growth amid regulatory and volatility challenges.

 

 

 

Bitcoin Surpasses $100,000 for the First Time

 

Challenges and Opportunities in the World of Cryptocurrencies

Challenges and Opportunities in the World of Cryptocurrencies

Bitcoin, the world’s leading cryptocurrency, is approaching a significant psychological and financial milestone of $100,000.
While investors eagerly await this achievement, the digital asset faces several challenges that may hinder its rise.
On the other hand, experts anticipate that potential regulatory changes could unlock new opportunities for cryptocurrencies.

 

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Bitcoin’s Rise

Bitcoin has experienced significant growth following Donald Trump’s re-election as President of the United States,
as his anticipated policies are expected to relax restrictions on cryptocurrencies.
Key factors driving this growth include:

  • Institutional Acceptance: Major companies like MicroStrategy have announced increased investments in Bitcoin.
  • Regulatory Reforms: Wall Street is showing increased support for digital assets amid expectations of substantial regulatory changes.
  • New Financial Tools: The introduction of trading options on Bitcoin ETFs has bolstered investor confidence.

 

Challenges

What Are the Obstacles to Reaching $100,000?
Despite recent gains, Bitcoin faces several hurdles, including:

  1. Lack of Momentum: Bitcoin has struggled to break past the $99,000 mark despite nearing it.
  2. High Volatility: Many investors still view it as an unstable asset compared to gold.
  3. Central Bank Warnings: The Federal Reserve has issued warnings about stablecoins, which are integral to the cryptocurrency ecosystem.

 

 

 

 

 

Expert Opinions

  • Chris Weston of Pepperstone Group believes Bitcoin benefits from temporary factors such as investment inflows and anticipated regulatory reforms but requires additional momentum to surpass the $100,000 threshold.
  • Themis Themistocleous of UBS emphasizes that Bitcoin lacks the fundamentals to qualify as a long-term investment vehicle.

 

 

Conclusion

The question of whether Bitcoin can break the $100,000 barrier hinges on a balance between driving factors and existing challenges. While debates about its investment viability persist, Bitcoin remains a symbol of the ongoing transformation in the global financial landscape.

 

 

 

Challenges and Opportunities in the World of Cryptocurrencies

U.S. Markets Rally as Elections and Tech Giants’ Earnings Approach

U.S. Markets Rally as Elections and Tech Giants’ Earnings Approach

The U.S. stock indices saw a significant rise at the beginning of a busy week filled with major tech companies’ earnings reports.
Traders are also preparing for the upcoming presidential elections and key economic data that will influence the Federal Reserve’s next decisions. Despite overall gains, energy sector stocks declined due to falling oil prices.

 

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S&P 500

S&P 500 Gains, Except for Energy Stocks

All major sectors in the S&P 500 index rose, except for the energy sector.
Crypto-related stocks also climbed, with Bitcoin gaining 3%.
Additionally, Trump Media & Technology Group saw its shares soar by 22% following a major event held
by former President Donald Trump in New York, which led individual traders to buy the stock.

 

 

 

Trump

Impact of Trump’s Potential Victory on Stocks and Bitcoin

According to a Bloomberg Markets poll, a Trump victory in the election would be more favorable for stocks and Bitcoin compared to his Democratic opponent. About 38% of respondents expect a market rally under Trump, while only 13% foresee the same under Kamala Harris.

 

Investors are also anticipating earnings from major tech companies such as Apple, Microsoft, and Meta.
The Federal Reserve’s upcoming meeting, which may involve an interest rate cut,
is also highly anticipated as the U.S. economy continues to show resilience, especially in the jobs sector.

 

 

 

 

Markets

Market Performance

U.S. stock indices rose, with the S&P 500 up by 0.3%, and the Dow Jones climbing 0.6%.
Meanwhile, bonds fell due to weak demand,
prompting the Treasury Department to lower its federal borrowing estimates.

 

 

Focus on Long-Term Goals

Experts emphasize the importance of focusing on long-term investment goals,
noting that while markets may fluctuate due to the elections,
they typically shift back to core economic fundamentals such as corporate earnings, inflation, and interest rate trends.

 

Conclusion

As U.S. markets brace for the upcoming elections and corporate earnings,
short-term volatility remains tied to political events.
However, markets will eventually refocus on underlying economic factors.

 

 

U.S. Markets Rally as Elections and Tech Giants’ Earnings Approach

Nvidia Stock Approaches Becoming the Most Valuable in the World

Nvidia Stock Approaches Becoming the Most Valuable in the World
Nvidia’s stock saw a remarkable rise during today’s trading, briefly allowing the company to surpass Apple (NASDAQ: AAPL)
and become the most valuable globally. This surge was driven by the increasing demand for its advanced AI chips.

 

 

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Nvidia

Nvidia’s stock rose by 2.16%, or $3.03, reaching $143.44. In contrast, Apple’s stock gained 0.87%, or $2, to settle around $232.58.
According to market data, Nvidia’s market value reached $3.53 trillion, briefly surpassing Apple, which reclaimed its top spot with a current market value of about $3.54 trillion after its stock rebounded.

 

 

 

 

Japan

Japanese stocks witness strong gains.
Japan’s stock market closed on a strong note on Monday, with the Nikkei index recording its best daily performance in almost a month, benefiting from the yen’s drop to a three-month low against the US dollar. This yen decline followed parliamentary election results, where Prime Minister Shigeru Ishiba’s party lost the chance to form a parliamentary majority for the first time since 2009, increasing uncertainty regarding policy and the economy.
The Liberal Democratic Party, led by Ishiba, along with its junior coalition partner Komeito, secured 215 seats in the House of Representatives, falling short of the 233-seat majority required, compared to the 247 seats previously held.
By the end of trading, Japan’s Nikkei index climbed 691.46 points, or 1.82%, closing at 39,605.31 points, marking the best daily performance since September 27. The Topix index also rose by 1.51%, closing at 2,657.78 points, achieving its best performance since October 7.

 

 

 

 

 

Bitcoin

Bitcoin surpasses $68,000 once again.
Cryptocurrencies rose during Monday’s trading as investors took advantage of Bitcoin’s recent dip following reports that U.S. authorities are investigating the issuer of Tether due to allegations of financing illegal activities.
According to the data, Bitcoin increased by 0.97% to $68,345.7, while Ethereum rose by 0.79% to $2,508.6, and Ripple recorded a 0.48% gain, reaching 51.5 cents as of 10:55 a.m. Mecca time.

 

 

 

Nvidia Stock Approaches Becoming the Most Valuable in the World

A Rare Quiet Period for Bitcoin Awaits U.S. Election Results

A Rare Quiet Period for Bitcoin Awaits U.S. Election Results
Bitcoin’s Calmness Awaits a Major Move
Bitcoin has experienced an unusually stable period as speculators reduce their activity while awaiting the upcoming U.S. election results.
The volatility of the leading cryptocurrency has remained below 5% over 34 consecutive trading sessions, matching the longest quiet stretch observed this year, according to data compiled by Bloomberg.

 

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Disappointment

Disappointing Performance in October
This calmness has disappointed many cryptocurrency investors who have grown accustomed to strong performances in October, a month commonly known as “Uptober” due to the usual price rallies. Ki Young Ju, founder of the website CryptoQuant, mentioned in a post on X that if Bitcoin does not show gains in the coming days, it will mark the longest period of price stability during a year that includes the Bitcoin halving event.

Anticipation of U.S. Election Results
Many attribute this sluggishness to a lack of clear catalysts, as investors focus on the upcoming U.S. presidential elections. Former President Donald Trump has become an outspoken supporter of cryptocurrencies, while the stance of his competitor, current Vice President Kamala Harris, is less clear. It is speculated that she may continue the strict regulatory approach taken by President Joe Biden’s administration.

Impact of Regulatory Actions on the Market
Regulatory actions have also cast a shadow over the market. The U.S. Securities and Exchange Commission (SEC) recently accused Cumberland, a cryptocurrency trading arm of DRW Holdings, of operating as an unregistered broker for crypto assets worth over $2 billion. This move is part of a broader crackdown on major companies such as Binance and Coinbase.

 

 

 

 

Expectations

Post-Election Expectations
Many traders are anticipating a significant move for Bitcoin after the elections. Some believe that a Trump victory could boost Bitcoin prices, while Harris’ stance remains uncertain, with some speculating that she might adopt a more supportive approach toward cryptocurrencies and technology compared to President Biden.

Impact of Options Market on Volatility
According to Spencer Hallarn, head of external trading at GSR, Bitcoin’s volatility may continue to decline as the cryptocurrency matures into a widely accepted asset class. At the same time, traders are expecting an increase in volatility as the election date approaches, according to Zohaib Iftikhar, founder of Split Capital.

 

Conclusion

Amid the current calmness and the anticipation of U.S. election results, the cryptocurrency community remains on edge, waiting for the next major development that could shape the market, influenced by both political and regulatory factors.

 

 

 

A Rare Quiet Period for Bitcoin Awaits U.S. Election Results