In the hour before the day’s close, prices dropped by $1,000, with BTC/USD falling to a low of $56,099 on Bitstamp, according to data from Cointelegraph Markets Pro and TradingView.
The market’s upward momentum reversed as neither Trump nor Harris provided new inspiration to those seeking pro-cryptocurrency policies.
“Crypto markets are frustrated by the lack of crypto policy-related commentary,” trading firm QCP Capital wrote in response to Telegram channel subscribers.
QCP also suggested that “risk-off moves in risk assets are likely” as the U.S. presidential election approaches in November.
Meanwhile, in the short term, market attention is already declining on August Consumer Price Index (CPI) data due later in the day.
"With this macro event over, market attention now turns to tonight's CPI data release,"
Therefore, the target bottom-fishing price of 38,000 at the end of the month remains unchanged! Contract players should pay attention to the recent volatility risk. Insufficient liquidity in the market has led to a sharp increase in volatility! Only by holding on can we see the light
