How do the four U.S. elections impact the cryptocurrency market?

Three months before the 2024 U.S. election, on August 5, the price of Bitcoin sharply dropped to $49,000, but on October 7, it began a new round of increases.

Looking back at the three months before the 2016 election, the price of Bitcoin experienced a severe drop, falling from $750 to $500, a decline of over 30%. However, after hitting the bottom, it rebounded and entered a bull market.

Two months before the 2020 election, Bitcoin's market sharply declined, with the price dropping from $12,000 to around $10,000, a decrease of about 16%.

After that, it entered a long period of consolidation until a significant moment before the election triggered a rebound, rising to nearly $60,000 in May 2021.

80 days before the 2012 U.S. election, Bitcoin experienced a brutal drop of up to 75%. However, after the election, it quickly entered an upward trend.

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