📊 Markets: Trump election odds are not the dominant driver of Bitcoin price, recent data shows.
Despite the popular narrative suggesting a strong link between the price of $BTC and Trump’s 2024 victory odds, data shows otherwise. According to FalconX, factors such as US monetary policy and oversupply have weakened this correlation. An analysis between June 1 and August 15 reveals a lack of clear connection between the two. Although the price of $BTC has fluctuated, the relationship with election odds is not significant.
