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The Crypto Basic
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Following his ouster as OpenAI CEO, Sam Altman has landed in Microsoft where he will head the advanced AI research team.
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The recent pre-election dip in Bitcoin aligns with past trends, suggesting a potential post-election rally similar to the ones seen in 2016 and 2020. Today, Bitcoin declined to around $66,600, continuing the correction that gained momentum on Sunday, when the cryptocurrency briefly dropped to $68,000 after reaching $73,000 just days earlier. Following the latest dip, Bitcoin stabilized around $68,600. This still shows a 3.30% decline over the past seven days. However, a glimmer of hope has emerged. Historical patterns suggest that Bitcoin tends to experience volatility leading up to U.S. elections, often followed by a post-election rally. Scottie Pippen, a known Bitcoin bull and former NBA champion, observed that Bitcoin tends to decline before elections but typically rallies afterward. He shared an analysis of past election cycles that supports this. It highlighted how Bitcoin experienced significant recoveries in 2016 and 2020 after initial drops during election periods. #Bitcoin #Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V #CryptoNewsUSA
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