Bitcoin has experienced a significant rally in October, rising from under $60,000 to over $71,000 in the last 24 hours. However, it still has not surpassed its previous all-time high above $73,000. Analysts have different opinions on the impact of the upcoming US presidential election on Bitcoin. Some believe that a Trump victory would be positive for Bitcoin, while a Harris win may cause concern among investors. The post-election period is expected to bring volatility, with potential price spikes and dips. Overall, experts anticipate that Bitcoin will remain within a similar range regardless of the election outcome, but there is a possibility of a significant drop in price if Bitcoin collapses by up to 48% to a range of $36,500 to $44,000.



Other News from Today