CoinDesk· James Van Straten·· 8d ago
Bitcoin's recent recovery suggests decoupling from midterm election cycle lows
Original source: CoinDeskRead original
AI brief
Bitcoin reached a low of $57,850 on July 1, 125 days before the Nov. 3 election, and recovered about 40% to roughly $81,455 by Oct. 22, despite a 6% drop over the last 30 days. This suggests Bitcoin's recurring weakness around midterms is more tied to its own market cycles than to elections, as technology stocks like the Invesco QQQ Trust show less consistent patterns.
Source: CoinDesk · coindesk.com