Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Bitcoin (BTC) faces volatility due to US election and economic factors
ADOPTION NEWS

Bitcoin (BTC) faces volatility due to US election and economic factors

By Crypto FlexsOctober 29, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin (BTC) faces volatility due to US election and economic factors
Share
Facebook Twitter LinkedIn Pinterest Email

Wang Long Chai
October 29, 2024 11:10

Bitcoin is experiencing volatility due to geopolitical tensions, macroeconomic factors, and the upcoming US election. Market participants are bracing for potential price movements.





Bitcoin (BTC) is currently navigating a period of significant volatility due to geopolitical tensions, macroeconomic factors, and increased speculation surrounding the upcoming US presidential election. Last week, Bitcoin suffered a sharp 6.2% correction before a subsequent recovery, highlighting the growing impact of the US election environment on cryptocurrency prices, according to Bitfinex Alpha.

Market Dynamics and Election Impact

The correlation between former President Donald Trump’s chances of being elected and Bitcoin’s price trajectory is becoming increasingly clear. The anticipation surrounding the election has led to a surge in options activity, with premiums for options expiring around key election days increasing significantly. This trend indicates that the market is bracing for increased volatility, with implied volatility expected to peak at 100V on November 8th, shortly after Election Day.

Despite the recent correction, Bitcoin has shown remarkable resilience, rebounding 30% in October after falling to $52,756 in September. Historically, the fourth quarter has been a strong quarter during the halving period, with an average quarterly return of 31.34%. This seasonal strength, combined with record public interest in Bitcoin options and futures, highlights market optimism as we approach the end of the year.

BROADER ECONOMIC INDICATORS

The strength of the U.S. labor market adds another layer of complexity to the economic environment. Despite recent disruptions from natural disasters and strikes, new jobless claims fell to 227,000 last week. The Fed’s Beige Book describes employment levels as “stable,” suggesting labor markets outside of the affected regions are resilient.

In the housing sector, the US market is experiencing a dichotomy. While new home sales surged due to a temporary drop in mortgage interest rates in September, existing home sales plummeted to levels not seen since 2010. This is largely due to the ‘lock-in effect’, in which homeowners with low mortgage interest rates hesitate to purchase homes. Sell ​​and face higher prices for new purchases. Affordability remains a significant barrier for many first-time homebuyers.

Institutional interest in cryptocurrency

Institutional interest in digital assets is gaining momentum, as evidenced by Emory University’s recent investment in approximately $15.9 million worth of Grayscale Bitcoin Mini Trust and Coinbase stock. This move signals growing acceptance of digital assets among traditional institutions.

Additionally, Microsoft plans to vote on a proposal to utilize Bitcoin as a financial asset at its upcoming shareholder meeting. The board is opposed to the proposal due to volatility and regulatory concerns, but even a small allocation of Microsoft’s $76 billion cash reserves could have a major impact on Bitcoin’s legitimacy as a corporate asset.

Overall, election uncertainty, the “Trump deal,” and favorable Q4 seasonality intersect to create a perfect storm for Bitcoin, promising an interesting period ahead despite the expected price fluctuations.

Image source: Shutterstock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Exchange Rollish is expanded to 20 by NY approved.

October 2, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025
Add A Comment

Comments are closed.

Recent Posts

MEXC Celebrates ZEROBASE (ZBT) Listing With Airdrop+ Event Featuring 55,000 USDT Prize Pool

October 16, 2025

How MasterQuant’s AI Trading Bot Is Becoming Every Investor’s Favorite Trade Machine

October 16, 2025

Seascape Launches First Tokenized BNB Treasury Strategy On Binance Smart Chain

October 16, 2025

ETH And BTC Holders Are Flocking To OAK Mining For Stable Profits Of $8,600 Daily

October 16, 2025

Will Solana price fall to $170 once it gets close to the important support level?

October 16, 2025

Crypto Market Rebound, L2 Surge and ZEC Shock: Daily Insights

October 16, 2025

ZBCN is tradable!

October 15, 2025

Analysts expect a breakout of $135 as ETF approval buzz grows.

October 15, 2025

Chinese woman pleads guilty ahead of trial in $7 billion British Bitcoin fraud case

October 15, 2025

XMoney Launches $XMN On Sui, Expands Listings Across Global Exchanges

October 15, 2025

ZNB) STRENGTHENS BALANCE SHEET WITH USD 231 MILLION BITCOIN-BACKED INVESTMENT AMID MARKET TURBULENCE

October 15, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

MEXC Celebrates ZEROBASE (ZBT) Listing With Airdrop+ Event Featuring 55,000 USDT Prize Pool

October 16, 2025

How MasterQuant’s AI Trading Bot Is Becoming Every Investor’s Favorite Trade Machine

October 16, 2025

Seascape Launches First Tokenized BNB Treasury Strategy On Binance Smart Chain

October 16, 2025
Most Popular

Experts say Ethereum is targeting $10,000 thanks to two key factors.

March 7, 2024

Binance Offers Up to 104 USDC in Exclusive Promotion for New and Existing Users

September 23, 2024

Bitcoin (BTC) increases to $ 104K as SPOT Market dominates.

May 17, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.