Bitcoin Breaks $65K, as Price Action Compared to Prior U.S. Election Cycles

Bitcoin Breaks $65K, as Price Action Compared to Prior U.S. Election Cycles

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Source: Coindesk.com

Bitcoin (BTC) climbed above $65,000, marking a 4% increase in 24 hours, influenced by positive movements in the S&P 500 and expectations of stimulus in China. Trading firm QCP Capital highlighted similarities between current price actions and those seen before U.S. elections in 2016 and 2020, suggesting a pattern where Bitcoin sees significant gains in the weeks

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The post "Bitcoin Breaks $65K, as Price Action Compared to Prior U.S. Election Cycles" appeared first here Coindesk.com.

Source: Coindesk.com

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