Fundamental Overview

Bitcoin rallied strongly last week after a failed attempt to assassinate the former US President Trump. The market reacted positively to the event because he’s been a supporter of the crypto industry and Trump’s odds of winning the election soared.

Last night, the price of Bitcoin dipped on the news that Biden dropped out of the presidential race probably on expectations that some other candidate could have higher chances of beating Trump, but as Biden endorsed Kamala Harris…

How will this affect me?

As a cryptocurrency investor, the political landscape can have a significant impact on the market. The shift in presidential race dynamics can lead to fluctuations in Bitcoin prices, affecting the value of my investments. It’s important to stay informed and be prepared for potential changes in the market.

How will this affect the world?

The influence of political events on the cryptocurrency market reflects the interconnected nature of global markets. The outcome of the US presidential race can have ripple effects across the world, impacting not only Bitcoin prices but also investor sentiment and market stability. It’s a reminder of the importance of considering external factors when making financial decisions.

Conclusion

Political developments have a profound impact on the cryptocurrency market, and staying informed is crucial for investors. The recent events surrounding the US presidential race highlight the volatility and interconnectedness of global markets. As an investor, it’s important to monitor the situation closely and be prepared for potential changes in the market.