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Bitcoin Falls As Market Awaits US Election Results Bitcoin may have crashed pre-election. It fell about 3.64% in a few days and is presently below $70,000. Many are calling this steep decrease to $68,000 the “biggest Bitcoin crash,” signifying the start of Bitcoin's worst slump. Market analytics platform Santiment highlighted the Bitcoin drop and investors' diminishing non-empty wallets. The analytical platform shows 211,540 fewer addresses than three weeks previously. This enormous drop is an indication of extreme Fear, Uncertainty, and Doubt (FUD) usually linked with bullish performance and a pressured market. As retail and institutional investors await US Presidential election results, the crypto market is in uncertainty. Even huge Bitcoin investors, known as "Whales," have taken a "Wait-And-See" approach as they carefully monitor how the US election affects the market. Santiment says that Bitcoin whales have reduced transaction activity, indicating market sentiment has changed. Bitcoin whales are eagerly awaiting the US Presidential election results as their activity subsides following last week's rise at crypto's peak, according to market intelligence. Many crypto traders and investors are bracing for market volatility and uncertainty as the US elections results begin to roll in today. X (previously Twitter) mentions of presidential candidate Donald Trump, who has crypto community backing, have increased. US Presidential Elections Could Impact BTC Price Many crypto specialists have different expectations for the crypto market following the US presidential elections. Investors and crypto specialists are monitoring the market for developments as Kamala Harris and Trump run for president. Bitcoin rose 2,714% after former President Trump won the US election, according to Crypto Rover. If Trump wins the election and Bitcoin price rises, the expert predicts that Bitcoin may be worth $2 million by 2025.
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Analyst: Solana ‘Must Break Descending Resistance’ To Regain Bullish Momentum Solana is trading above a significant demand level of $157, suggesting a comeback following a recent drop. Everyone is watching Solana try to restore positive momentum after this important level stayed solid despite market turmoil. This week will see more crypto market volatility due to the U.S. election and the Federal Reserve's interest rate announcement. A technical study by top analyst and investor Carl Runefelt suggests Solana needs break over a critical resistance level in the next days to resume its rise. Runefelt says this barrier has held the price back, and a breakthrough might boost SOL investors' excitement. Solana may fall more if it fails to break this important barrier. With these major macro developments, Solana's future movements will be widely watched, as breaching resistance might suggest a greater rise. Solana has excelled this cycle, holding above a key support level that previously functioned as resistance. As Solana fights to regain bullish momentum, this event might define its near-term destiny. After sharing views on X, renowned analyst Carl Runefelt said Solana faces a major test at a declining resistance level that has persistently restricted its advances. Runefelt's 2-hour SOL chart technical analysis shows resistance at $164. He believes a breakthrough over this level will boost Solana, signifying a positive price trend. This week's U.S. election and Federal Reserve interest rate decision might cause large price movements due to uncertainty and market manipulation. These macro factors might affect Solana's movement, making the resistance break even more important. If Solana breaks this level and finds support over $164, positive optimism might propel the cryptocurrency to new highs. Failure to do so might boost selling pressure and risk a pullback, particularly if market volatility rises. Traders and investors will keenly examine this significant mark in the coming days for Solana's future. #SOL $SOL #Solana
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With Donald Trump gaining ground in the polls, the price of bitcoin is expected to rise again
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NULS could rise 10x its current value in the next crypto bull run
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In a close race between Trump and Harris, cryptocurrency markets are preparing for turmoil
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