CandleFocus Bitcoin Pulls Under $68K as Crypto Markets Falter Ahead of Election
2024-11-03
Author: Content Editor
The price of bitcoin and other cryptocurrencies has been influenced by the changing odds of former President Donald Trump winning the US presidential election. Initially, as Trump's chances rose to 67%, bitcoin reached near its all-time high of $73,700. However, as Trump's odds began to decline and his opponent Kamala Harris's chances increased, the price of bitcoin fell to as low as $67,600. Currently, both Trump and bitcoin have experienced a slight recovery, with Trump at a 56% chance of winning and bitcoin at $68,300. The broader cryptocurrency market, represented by the CoinDesk 20 Index, is down 2.3%, with Cardano and Avalanche experiencing notable underperformance. Observers have noted the correlation between bitcoin's price movements and Trump's election odds.
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