Bitcoin has fluctuated around $68,000 as the U.S. presidential election approaches. Having tested $70,000 earlier this week, it is currently trading at about $66,479, witnessing a slight decline of 2%. Analysts anticipate upcoming economic reports, including inflation and jobs data, which could influence Bitcoin’s price trajectory. Experts suggest the recent price stability indicates a potential accumulation phase, with a prediction of a subsequent rise if support levels remain. Market sentiment reflects cautious optimism as traders digest current economic indicators and prepare for the Federal Reserve’s interest rate decision shortly after the election. Polls show a tight race between Vice President Kamala Harris and former President Donald Trump, further emphasizing the political implications for the crypto market. In the last 24 hours, Bitcoin has seen considerable trading volume, suggesting sustained interest among investors despite minor price corrections. Overall, market observers remain alert to potential catalysts in the coming week that could impact Bitcoin's position ahead of the election and beyond.

Source 🔗