By Waiting For the U.S. Presidential Election Result, Bitcoin Gets More Attracted To Buy
Despite Bitcoin dropping 1.5% in price before the election day in the US, it found a strong rally when reaching $13,200. Furthermore, the closed price at $13,560 which is far away from yesterday’s low showing the bullish momentum remained. The uncertainty caused by waiting for the upcoming result for the election may trigger a hedging demand for Bitcoin. Therefore, it is expected Bitcoin gets more attracted to the investors when there is chaos in the traditional markets.
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