What impact do four U.S. elections have on the cryptocurrency market?
Three months before the 2024 U.S. election, Bitcoin's price plummeted to $49,000 on August 5. However, on October 7, it began a new round of soaring.
Three months before the 2016 U.S. election, Bitcoin's price suffered a severe setback, dropping from $750 to a low of $500, a decline of over 30%. It then bottomed out and started a bull market.
Two months before the 2020 election, Bitcoin's market plummeted sharply, with a price drop of about 16%, falling from $12,000 to around $10,000, and then entered a prolonged period of consolidation. It began to rebound at a critical juncture before the election, and by May 2021, the price surged to $60,000.
In the 2012 U.S. election, 80 days before the election, Bitcoin experienced a brutal crash, with a decline of up to 75%. But after the election, it entered a frenzy of rising prices.
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