Bitcoin

This week promises to be pivotal for financial markets, with high-stakes events poised to influence Bitcoin&#39;s trajectory and broader market trends. Insights providers have flagged potential volatility as two major developments loom: the upcoming U.S. presidential election and the Federal Reserve&#39;s highly anticipated interest rate decision. These events are expected to create waves that could shape market sentiment and investment strategies moving forward.Voting for the presidential election begins on November 5. Results are also expected around November 6. In addition, the <a href="https://cryptotale.org/john-deaton-opposes-us-federal-reserves-cbdc-plan/" rel="noopener noreferrer nofollow">Federal Reserve</a> is scheduled to announce its interest rate decision on November 7. The Chicago Mercantile Exchange (CME) shows a 99.7% probability of a 25 basis point rate cut.<h2 id="header-0">Election Trends and Market Response</h2>Blockchain analytics platform Spot On Chain <a href="https://x.com/spotonchain/status/1853294619217518905" rel="noopener noreferrer nofollow">pointed out</a> that market volatility typically spikes during major political events. Historical data suggests that post-election periods often signal the start of significant market rallies. This trend is particularly notable given the previous U.S. presidential election cycles. Spot On Chain argues similar patterns could be sparked by the upcoming election result, with Bitcoin’s price continuing its upward trend, regardless of whether <a href="https://cryptotale.org/trump-regains-lead-over-harris-in-polymarkets-election-odds/" rel="noopener noreferrer nofollow">Donald Trump</a> or Kamala Harris take office.<a href="https://cryptotale.org/crypto-awaits-volatility-as-us-election-and-fed-decision-near/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Crypto Awaits Volatility as US Election and Fed Decision Near

Table of Contents

CryptoTale

Other articles published on Nov 4, 2024

Oxfam Reveals $24 Billion Missing in World Bank Climate Funding

Market Responds to Upcoming Political Events

NiceHash to Host Bitcoin-focused Conference in Maribor, aiming to Establish Slovenia as a Major E...

How Will Bitcoin (BTC) Price Move Days Before US Presidential Elections? Analysts Reveal Their Ex...

Dogecoin Poised for Rally to $0.2 as Analysts Identify Key Support Levels

Taiwan Unveils New Crypto Regulations, Set for 2025 Launch

Join our free newsletter for daily crypto updates!