Altcoins face uncertain future amid US election outcome, Bitcoin unshaken
As Bitcoin poises for upside regardless of the outcome, the altcoins' landscape would vary heavily after the results are out.
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As Bitcoin poises for upside regardless of the outcome, the altcoins' landscape would vary heavily after the results are out.
Gino Matos 2 min read
While global demand surges, US investors exhibit caution despite Bitcoin aligning with past election cycle trends.
Fundstrat's Tom Lee sees year-end rally as election uncertainty fades, while Bernstein predicts Bitcoin's resilience and potential growth to $200,000 by 2025 amid fiscal challenges.
On-chain data platform Arkham Intelligence highlighted that the selling activity started right after known trader GCR advised caution.
The landscape is specially bad for altcoins, which need a catalyst to spark interest and propel a potential 'alt season.'
Fairshake champions bipartisan approach to drive innovation and job creation in US crypto sector.
Top 7 holders of Trump positions currently sitting on $4 million in unrealized losses.
Polymarket bettors now believe that Harris will win two of the six swing states, which would make Pennsylvania the deciding factor in who wins the elections.
Trump's post on social media, which also targeted Democratic rival Kamala Harris, highlighted his commitment to a crypto-friendly approach.