Bitcoin’s next big move hinges on US election result. #BinanceTurns7 #BTC #Binance #USDT The upcoming U.S. presidential election could heavily influence Bitcoin’s price trajectory. While the election is the next key catalyst for Bitcoin btc0.57%Bitcoin and broader crypto markets, uncertainty lingers over the post-election outlook, according to recent QCP Telegram posts. Options contracts expiring around the election are trading at a 10% premium compared to other expiries, signaling heightened market sensitivity to political developments. QCP’s analysis suggests that any shifts in the polls or changes in the narratives of either candidate’s campaign could amplify spot prices. Currently, Bitcoin is holding strong at around $67,000, briefly touching $68,000 following an over 2% rise. Trump’s potential victory has been positively correlated with stronger crypto performance, compared to Kamala Harris, who has expressed less supportive views on the sector.
It was a sea of red in the crypto and stock markets on Friday, Sep. 6, as the market reacted to the mixed U.S. nonfarm payrolls report.
Bitcoin (BTC) crashed to $53,000, its lowest point since Aug. 7 while AAVE Aave aave 0.26% Aave and Near Protocol NEAR Protocol near -0.93% NEAR Protocol fell by over 4%.
The same sell-off occurred in the stock market as the Nasdaq 100, Dow Jones, and S&P 500 indices fell by over 1%. The tech-heavy Nasdaq 100 and the small-cap-heavy Russell 2000 indices were among the worst performers. Popular technology companies like Tesla, Nvidia, and Broadcom fell by over 5%.
On the other hand, Neiro on ETH , a relatively new meme coin, was the best-performing asset as the Black Friday sell-off continued. Its token jumped by more than 100% to a high of $0.176, its highest swing since Aug. 5.
It has surged by more than 538% from its lowest point this week, giving it a market cap of over $147 million. This rally occurred as the token went viral on social media, becoming the most shared token on X.
Hola, hoy la moneda DOGS subirá o bajará. Comenten menos. #Write2Earn! #DOGS coin #TrendingBinance $BTC $ETH Creo que la moneda DOGS subirá, esperemos que así sea. Que Dios los bendiga. Que tengan un excelente día.
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