Bitcoin Volatility Jumps to 3-Month High Ahead of U.S. Election
Investors in crypto and traditional markets bet that impending U.S. presidential election will breed price volatility.
Investors in crypto and traditional markets bet that impending U.S. presidential election will breed price volatility.
This edition of State of the Union focuses on the crucial visit of Ukrainian president Volodymyr Zelenskyy to the U.S., the latest economic forecast by the EBRD and attempts to support the struggling German car industry.
Bitcoin’s boring price action, characterized by continued accumulation by small investors, is being attributed to several reasons. including the U.S. election uncertainty and renewed uptick in the U.S. Treasury yields.
The stock has gained 4% since bitcoin hit an all-time high in March, while bitcoin itself has declined 16%.
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