TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Cryptocurrency

Bitcoin (BTC) to explode after U.S. elections

by souhaib
September 29, 2020
in Cryptocurrency
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


You might also like

6 Fantastic Uses Of Cryptocurrency

Where to Buy ETH Online?

Identifying a Suitable Platform from Biggest Cryptocurrency Exchanges

  • Bitcoin has been averagely performing for the last two weeks, including the recent pullback.
  • Top analysts predict that Bitcoin will remain slower until the U.S. elections.
  • Bitcoin will surpass all previous support zones and set a new all-time high if the bulls remain in its favor.

Bulls in the cryptocurrency market are not pushing Bitcoin further enough to reclaim the $12,000 mark. And as per top experts, the scenario will rather stay the same for next couple of months.

Bitcoin correlation with the stock market

One of the main factors affecting Bitcoin is its association with the stock market. For instance, major companies worldwide are facing significant threats due to COVID-19.


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

Though market shares of such companies are plummeting steadily, and as the stock market continues to tumble down, Bitcoin will likely remain in the bearish zone. Besides, the political scenario in the U.S. is also ruling the price of Bitcoin.

Apart from elections, the sudden demise of Supreme Court Judge, Ruth Bader Ginsburg is boosting the concern regarding the economic culture. The director of major cryptocurrency exchange e –Toro said:

“Uncertainty around the election and in the aftermath of Supreme Court Justice Ruth Bader Ginsburg’s death has caused a panic in equities markets. When traditional assets nosedive as they have today, traders will often liquidate a broad cross-section of holdings while they try to cover liabilities, thus leading bitcoin to drop even more sharply today than any of the major equity indices in the US.”

The director of institutional research at Trade Block agrees to Ruth Bader’s comments. Todaro states inflation will help Bitcoin to grow further and the standard stock market will face a massive downfall.

Todaro says:

“You are seeing this spread across markets, including in digital currencies. Despite this drop, especially if uncertainty continues and markets become even more nervous about how the US election will play out, it makes sense if bitcoin were to see a significant recovery as equities continue to experience downward momentum.”

Bitcoin will move upward in the next few months

After reviewing Bitcoin’s performance for the last few months. BTC is not in the mood to mark a new high and bulls are not pushing its price further. However, the next few months will determine the growth of BTC/USD. It is only a matter of time for Bitcoin to recover its previous losses and set new highs.



Source link

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Share30Tweet19
Previous Post

LVMH stock price gains on a countersuit against Tiffany

Next Post

ROLEX DATEJUST 41 STEEL AND WHITE GOLD RHODIUM STICK DIAL OYSTER BRACELET 41MM

souhaib

Recommended For You

6 Fantastic Uses Of Cryptocurrency

by souhaib
May 19, 2022
0

While cryptocurrency is definitely a trending topic these days, many people are still unsure of how exactly they could make the most of it. In fact, even 14...

Read more

Where to Buy ETH Online?

by souhaib
March 21, 2022
0
Where to Buy ETH Online?

Have you decided to invest money in ETH? It’s a good choice as Ethereum is a leading coin in the crypto market. It has a great potential to...

Read more

Identifying a Suitable Platform from Biggest Cryptocurrency Exchanges

by souhaib
March 8, 2022
0

There are some biggest cryptocurrency exchanges in the market that are known and used all around the globe. However, these platforms offer various services and are not suitable...

Read more

Fantom(FTM), Loopring(LRC) Price Eye Another 20% Upswing, While Avalanche(AVAX) May Witness a 10% Plunge! – Coinpedia – Fintech & Cryptocurreny News Media 2021

by souhaib
February 7, 2022
0

With the Bitcoin price gaining huge strength, the entire crypto space is gaining a good bullish momentum. And hence as the Ethereum price comfortably hovering above $3000, the...

Read more

Where to buy SuperFarm (SUPER) coin: it is up 24% today after Coingecko listing 2021

by souhaib
February 7, 2022
0

The price of the SuperFarm (SUPER) coin has been rising since mid-January and the bullish momentum gathered momentum after today’s listing on Coingecko. To help investors and traders...

Read more
Next Post

ROLEX DATEJUST 41 STEEL AND WHITE GOLD RHODIUM STICK DIAL OYSTER BRACELET 41MM

No Result
View All Result

Recent Posts

  • Shopify Improvement Providers: The New Craze!
  • Travis Barker was ‘hospitalized for pancreatitis’ after undergoing colonoscopy
  • NBA: The Lakers have 10 good, pretty and cheap veterans on their radar
  • Texas: “Many bad things have happened here”: the red zone for migrant smuggling where the San Antonio 51 died
  • Police reveal what the three Americans died of in the Bahamas

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide