US Elections - Bitcoin is experiencing muted volatility
As investors await outcome of the United States presidential election, the leading crypto Bitcoin is experiencing muted volatility.
The price of Bitcoin currently on coinmarketcap is around $68,767.62 and traders are adopting a cautious approach.
Analysts forecast that significant price movements may occur after the elections with possibilities of heightened volatility between November 5 and 8.
According to the prevailing sentiment, a Donald Trump victory could be bullish for Bitcoin, but a Kamala Harris victory might cause a temporary drop.
Donald Trump also has a stance of easing crypto regulations in United States when he is elected as President by creating a “Bitcoin and Crypto Presidential Advisory Council” to develop regulations favorable to the industry.
This could cause a bullish market sentiment.
On the other side, a potential win for Kamala Harris may introduce stricter regulations which could lead to bearish trends.
I have already wrote in my post about it here.
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