No matter who wins the U.S. election, Bitcoin will likely rally: historical data
BTC $13,790 (+2%) • ETH $381 (+0.6%) • XRP $0.23 (-1.3%)
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It’s been quite a volatile past day for the American public. The presidential election has begun, and while both sides are claiming victory, there is not a clear winner as of the time of this article’s writing.
Bitcoin has seen strong reactions to electoral trends, first rallying strongly past $14,000 on expectations of a Biden win, then dropping to $13,500 on expectations of a Trump win. BTC’s volatility is tied to that of the U.S. Dollar, which has seen equally as severe reactions to intra-day election results.
Further uncertainty around the election is expected to cause further confusion amongst Bitcoin investors.
However, once the dust settles, data shows that Bitcoin will continue its ascent to the upside, no matter who will be sitting in the White House come January.
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