Bitcoin has experienced significant volatility in the past few days, with its price rebounding above $69,000 before dropping back to $68,000. This volatility is attributed to the closely contested US presidential race in swing states. The Bitcoin volatility index has reached its highest level since late July. The implied volatility of Bitcoin is tracking the Federal Reserve meeting and the election results. At one point, Bitcoin reached a near all-time high of $73,500 but has since dropped to below $68,000 as market predictions regarding the election have shifted.



Other News from Today