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CoinDesk analysis suggests Bitcoin may have decoupled from historical midterm election cycle bottom pattern
CoinDesk analysis suggests Bitcoin may have decoupled from historical midterm election cycle bottom pattern. Historically, Bitcoin bear-market lows have followed U.S. midterm elections, but this year's low of $57,850 on July 1, well before the November 3 election, and subsequent recovery to $81,455 by October 22, challenge this pattern.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
Previous: China's Zijin Mining reported a 25.97% year-on-year increase in net profit attributable to shareholders for Q3, with a 51.93% rise for the first three quarters, primarily driven by higher prices for metals such as gold and copper.
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Next: Bitcoin stabilizes near $81,700, altcoins rebound, PEPE up 13%
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The 10-year U.S. Treasury yield fell by approximately 11 basis points from its previous close, now at 5.04%.
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