Bloomberg ETF Analyst: Bitcoin's Sudden Rise Could Be One Reaction to US Presidential Election
Bloomberg ETF analyst Eric Balchunas said in a post on the X platform that BTC's sudden and instantaneous rise today may be part of a reaction to the U.S. presidential election.
Eric Balchunas added, ‘If anyone thinks Bitcoin is not a good indicator to watch today, please tell us why. BTC seems like a clean indicator to me as it is an issue in the campaign, stocks and bonds less so, but I'm open to other ideas.’
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Institutions assess Powell's speech: Nothing about "hawkish rate cuts"
The Federal Reserve reminds the market not to take interest rate cuts for granted.
All three major U.S. stock indexes closed higher.
All three major U.S. stock indexes closed higher, with bank stocks performing strongly.
Trending news
MoreCrypto prices
More
