No matter who wins the U.S. election, Bitcoin will likely rally: historical dataBTC $13,790 (+2%) • ETH $381 (+0.6%) • XRP $0.23 (-1.3%)
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It’s been quite a volatile past day for the American public. The presidential election has begun, and while both sides are claiming victory, there is not a clear winner as of the time of this article’s writing. Bitcoin has seen strong reactions to electoral trends, first rallying strongly past $14,000 on expectations of a Biden win, then dropping to $13,500 on expectations of a Trump win. BTC’s volatility is tied to that of the U.S. Dollar, which has seen equally as severe reactions to intra-day election results. Further uncertainty around the election is expected to cause further confusion amongst Bitcoin investors. However, once the dust settles, data shows that Bitcoin will continue its ascent to the upside, no matter who will be sitting in the White House come January. Trending … 🇺🇸 Election 2020 News • 🚜 DeFi Tokens • 🔮 Oracle Tokens • More news ⏬$TRUMP zooms to top-performing prediction market crypto amidst US elections, $BIDEN falls 50%Two Ethereum-based prediction markets on crypto exchange FTX saw activity reach record levels yesterday as the US elections went underway. History shows presidential elections often mark a turning point for BitcoinThe presidential elections have long been looked upon as a serious catalyst for economic trends, with potential changes in power often altering the global markets’ course. Hoskinson says building a system as complex as Cardano requires a lot of timeIn an interview with the KiBloc Show, Charles Hoskinson, the CEO of IOHK, laid out some of the reasons behind a lack of concrete dates for Cardano’s future launches. Binance could be behind over a dozen stake pools on the Cardano blockchainBinance, one of the world’s largest cryptocurrency exchanges, might be behind around a dozen stake pools on the Cardano network. Analyst: Here’s why Ethereum crashed 4% in a single second yesterdayEthereum has faced a strong correction over the past few days as Bitcoin has slipped lower. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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