Crypto Markets Brace for Volatility Amid Election Night Uncertainty

1 min read
Source: CNBC
Crypto Markets Brace for Volatility Amid Election Night Uncertainty
Photo: CNBC
TL;DR Summary

Bitcoin's price surged above $71,000 as the U.S. presidential election results remain uncertain, with investors anticipating volatility until a winner is declared. A Trump victory is expected to boost Bitcoin prices, while a Harris win might lead to a short-term sell-off. Historically, Bitcoin has seen significant gains post-election, partly due to coinciding with Bitcoin halving years. The crypto market is poised for potential record highs, influenced by election outcomes and expected Federal Reserve policy shifts.

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