Looking back at the past few US presidential elections, Bitcoin's performance seems to always be closely related to the election results.
In 2016, Bitcoin fell 10% before the US election.
In 2020, the same situation happened again, and Bitcoin fell 6% before the election.
And on the eve of the 2024 election, Bitcoin once again had a 6% correction.
This series of data can't help but make people wonder: Is there some mysterious connection between Bitcoin and the US election?
Further analysis of the data, we found that there is also a certain synchronization between Trump's winning odds and Bitcoin's price trend.
According to the data from the Polymarket platform, Trump's winning odds began to rise since October 6, and the price of Bitcoin also began to rise at almost the same time.
On October 30, Trump's winning odds peaked, and the price of Bitcoin also peaked almost at the same time.
This high degree of synchronization can't help but make people wonder whether there is a causal relationship between the two, or is it just a reflection of market psychology?
With the upcoming 2024 US election, where will Bitcoin go?
As I said before, bulls have their own strategies, and bears have their own ways of playing
Observer also leads fans to lay out the potential coins for explosive pull
Every time there is a big drop, it is time for us to pick up low-priced chips, and every time there is a big rise, it is time for us to get off the bus. Don't chase the rise, there are many opportunities
