Election 2024: Bitcoin to $80k?
Election 2024: Bitcoin to 80k?
The cryptocurrency market is turning downwards, in tandem with the broader stock market. This decline might be dashing hopes of BTC/USD breaking the $70,000 threshold.
Despite the bearish trend, options traders like the odds that Bitcoin could soar to $80,000 by the end of November, regardless of the outcome of the U.S. presidential election.
Kamala Harris has remained relatively quiet on the subject of cryptocurrencies, though an adviser recently signaled she would “support policies that ensure that emerging technologies, and that sort of industry, can continue to grow”.
Meanwhile, Donald Trump is actively courting crypto holders, pledging to transform America into the crypto capital of the world and establishing a strategic national cryptocurrency stockpile, akin to the country's gold reserves.
The cryptocurrency market is turning downwards, in tandem with the broader stock market. This decline might be dashing hopes of BTC/USD breaking the $70,000 threshold.
Despite the bearish trend, options traders like the odds that Bitcoin could soar to $80,000 by the end of November, regardless of the outcome of the U.S. presidential election.
Kamala Harris has remained relatively quiet on the subject of cryptocurrencies, though an adviser recently signaled she would “support policies that ensure that emerging technologies, and that sort of industry, can continue to grow”.
Meanwhile, Donald Trump is actively courting crypto holders, pledging to transform America into the crypto capital of the world and establishing a strategic national cryptocurrency stockpile, akin to the country's gold reserves.
Import the BlackBull Markets Economic Calendar:
blackbull.com/en/economic-calendar/?utm_source=tradingview
Free TradingView Premium with BlackBull Markets: blackbull.com/en/platforms/tradingview/?utm_source=tradingview
blackbull.com/en/economic-calendar/?utm_source=tradingview
Free TradingView Premium with BlackBull Markets: blackbull.com/en/platforms/tradingview/?utm_source=tradingview
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.