Cryptocurrency

Bitcoin

Impact

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/traders-watch-for-cryptocurrency-market-movements" data-wpel-link="internal" rel="noopener noreferrer nofollow">Traders Watch for Cryptocurrency Market Movements</a><br></p>
<p style="text-align: justify">As the second month of the final quarter unfolds, cryptocurrency traders are keenly observing the market dynamics. Following a peak in March, <a href="https://en.bitcoinhaber.net/anthony-scaramucci-forecasts-significant-bitcoin-price-rise" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> has struggled to break past the $73,777 mark. After a recent brief rise to $73,600, the price declined due to rising geopolitical tensions and the impending U.S. elections. What does the current cryptocurrency landscape look like?</p>
<h2 style="text-align: justify" id="what-is-bitcoin-s-current-price-trend">What is Bitcoin’s Current Price Trend?</h2>
<p style="text-align: justify">Trading activity has once again dwindled, following a weekend pattern of reduced interest. Various altcoins have faced declines exceeding 5%. Currently, Bitcoin (<a href="https://en.bitcoinhaber.net/bitcoin-price-analysis-whats-next-for-btc" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>) is valued at $68,666. To follow patterns similar to its 2021 performance, BTC needs to achieve new highs this month, but this hinges on the resolution of the U.S. elections.</p>
<h2 style="text-align: justify" id="how-will-u-s-elections-impact-cryptocurrency">How Will U.S. Elections Impact Cryptocurrency?</h2>
<p style="text-align: justify">The announcement of the new U.S. President on November 5 is of significant importance for cryptocurrencies. Trump’s supportive remarks concerning cryptocurrencies have sparked enthusiasm. A victory for him could potentially trigger a notable price surge in the upcoming week.</p>
<ul style="text-align: justify">
 <li>Bitcoin needs to break and sustain above $70,000 to set new records.</li>
 <li>A strong support level at $69,000 will be vital to prevent a further drop.</li>
 <li>Volatility could lead to significant price fluctuations between $80,000 and $55,000 based on forthcoming news.</li>
</ul>
<p style="text-align: justify">The total capitalization of all cryptocurrencies has decreased to $55 billion, a 37% reduction from the previous day, which is common over weekends. The fear and greed index currently sits at 55. IMX Coin has experienced the largest drop this week, falling 18% due to an SEC lawsuit. Other cryptocurrencies, including MEW and TAO, have also seen considerable declines, with ongoing SEC pressures likely to persist post-elections. A pro-crypto leadership could be essential for market stability.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/traders-watch-for-cryptocurrency-market-movements" data-wpel-link="internal" rel="noopener noreferrer nofollow">Traders Watch for Cryptocurrency Market Movements</a></h5>

Traders Watch for Cryptocurrency Market Movements

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