@0xcryptoshorts.eth
U.S. Presidential Elections vs. the Cryptocurrency Market
⚫️ The U.S. presidential elections have a complex impact on markets, but past events indicate relative stability in crypto. In 2016, during the Trump vs. Clinton contest, $BTC gradually gained value, showing steady growth toward its ATH without sharp moves.
⚫️ In 2020, as
@JoeBiden faced off with @realDonaldTrump, the story repeated. Bitcoin rose gradually, while altcoins remained “dull” and inactive. $BTC hovered around $13-15k, emphasizing the four-year cycle typical for this market.
⚫️ In 2024, we see a similar trend—Bitcoin continues to approach its previous ATH, though this time with meme coin activity. Nonetheless, $BTC maintains steady growth.
⚫️ The upcoming U.S. presidential election may cause greater crypto market volatility than in previous years. After 2022, the market experienced shocks, including the collapse of $LUNA, $Celsius, and
@FTX_Official
, triggering a wave of negative regulatory actions from the U.S.
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