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Past data shows that the price #Bitcoin❗ has increased after every election, and it is obvious that this time will be no different. However, most people are quite pessimistic about the market because their accounts are still being significantly divided.
- The years with BTC Halving coincide with the years of the U.S. presidential elections, which are major events impacting the price of Bitcoin in particular and the economy in general.
- These periods are also times when inflation is gradually being controlled and interest rates are lowered.
- Eventually, everything will return to normal; BTC will break its ATH, and there will still be an altcoin season.
- But at this moment, the gloomy atmosphere still envelops the entire market, and most altcoins are being significantly divided because BTC is still not stable and has not relinquished its market share to the altcoins.
- This month, there will be two major news items: the results of the U.S. presidential election and news of interest rate cuts. Perhaps we need to wait for these two pieces of news to come out first, and for BTC to stabilize, before we can hope for the altcoins to recover.
