BTC heads into US midterm showdown: Three things to know in Bitcoin this week
Bitcoin price action held its 100-day moving average into the monthly close as crypto markets braced for US midterm election and tech earnings volatility.
Bitcoin price action held its 100-day moving average into the monthly close as crypto markets braced for US midterm election and tech earnings volatility.
Bitcoin (BTC) held above its 100-day moving average on Monday ahead of US midterm elections, jobs data and earnings from Apple and Palantir.
Tuesday’s US midterm elections will determine control of Congress, with prediction market traders heavily favoring a Democratic victory in the House of Representatives.
Data from CME Group’s FedWatch Tool currently shows that markets expect the Fed to raise interest rates by 0.25 percentage points at the December meeting of the Federal Open Market Committee (FOMC). The odds of such an outcome have sat between 67% and 75% for the past month.