Bitcoin slides to two-week low as election odds shift
The price of bitcoin hit a two-week low of $62,700 today before clawing back some gains.
The drop follows a heady weekend for the digital asset that saw former President Donald Trump pitch a “strategic national bitcoin stockpile” at a crypto industry conference in Nashville.
Wyoming Sen. Lummis followed Trump and announced her intention to file a bill to create such a reserve — she officially introduced the bill yesterday.
Now, as US presidential election odds shift — pollster Nate Silver officially called the race between VP Kamala Harris and Trump a "toss-up" — analysts say the market may be rethinking how the next president could affect the crypto industry, and as of now, the broader crypto market is showing signs of pessimism, with declines across the board.
Now, as US presidential election odds shift — pollster Nate Silver officially called the race between VP Kamala Harris and Trump a "toss-up" — analysts say the market may be rethinking how the next president could affect the crypto industry, and as of now, the broader crypto market is showing signs of pessimism, with declines across the board.
