Global #U.S. election

The global financial landscape has been heavily influenced by the political developments surrounding the U.S. presidential race, as analysts point to a strong correlation between President Donald Trump's policies and the appreciation of the U.S. dollar.

As the United States prepares for its presidential election on November 5, 2024, all eyes are on the markets and how investors are positioning themselves amid heightened political uncertainty.

Bitcoin (BTC) has shown a remarkable consistency in its price movements surrounding U.S. election cycles, with a pattern of short-term dips followed by strong post-election rallies.

As the U.S. election approaches on November 5, Bitcoin traders are preparing for heightened volatility, with estimates suggesting price swings could reach as high as 20%.

Bitcoin (BTC) has recently shown signs of stabilizing after hitting a six-month low of approximately $49,500 on August 5, 2024. This dip coincides with a global market rout, but it also aligns with historical patterns where Bitcoin has found local lows in the third quarter of U.S. election years.