Analysis of the Impact of
#美国大选 on the Cryptocurrency Market
Three months before the 2024 U.S. elections, on August 5, the price of
#BTC☀ suddenly dropped to $49,000, but on October 7, it迎来了 a new round of increase.
Looking back at the three months before the 2016 election, the price of Bitcoin fell from $750 to $500, a drop of over 30%. However, after hitting the bottom, it welcomed a strong rebound, starting a bull market.
Two months before the 2020 election, Bitcoin also experienced extreme fluctuations, with the price dropping from $12,000 to about $10,000, a decrease of about 16%. Subsequently, the market entered a prolonged period of consolidation, until the important moment before the election began to rebound, rising to nearly $60,000 in May 2021.
80 days before the 2012 U.S. election, Bitcoin encountered a severe drop of up to 75%. However, after the election, it quickly entered an upward mode.