London, Uk, 30th July 2024, ZEX PR WIRE<\/a>,<\/strong> With the US presidential elections fast approaching, the financial market is awash with speculations and forecasts. One of the most debated issues is the effect of upcoming elections on Bitcoin prices. <\/span>InternationalReserve<\/span><\/a>, a reputable trading broker, has released a special report on this topic. Crypto Arbitrage Specialist at the firm, Andrew Lawrence, offers his opinion on the possible volatility of Bitcoin prices in relation to the elections. \u201cPolitics has always had a big impact on markets,\u201d says Lawrence, \u201cThe upcoming US elections are no different, and we are already seeing higher price fluctuations in Bitcoin as investors respond to new developments.\u201d<\/span><\/p>\n

<\/span><\/p>\n

Recent Shooting Attempt on Trump and Market Impact<\/strong><\/p>\n

Bitcoin hit a two-week high around 6 days ago, as betting markets suggested an increased chance of victory for crypto-friendly candidate Donald Trump in the US presidential election. This rally followed the dramatic assassination attempt on the former president a few days ago. Some reports have drawn a \u2018parallel\u2019 to the 1981 shooting of President Reagan where Reagan\u2019s popularity catapulted amidst a double-dip recession.\u00a0<\/span><\/p>\n

Trump\u2019s Enhanced Winning Odds and Bitcoin\u2019s Rise<\/strong><\/p>\n

Recent analyses indicate that this rising probability of Trump\u2019s win is the reason behind Bitcoin price hikes. This correlation has been noticed as the markets anticipate pro-crypto policies that the Trump administration might come up with. Lawrence elaborates on this trend, explaining the variables involved, \u201cTrump\u2019s business-friendly policies and his previous administration\u2019s relaxed approach to cryptocurrencies have developed a favorable climate for Bitcoin. Investors are expecting the continuation of such policies, which is one of the reasons we are seeing higher Bitcoin prices.\u201d\u00a0<\/span><\/p>\n

Biden\u2019s Likelihood of Stepping Down and Market Reaction<\/strong><\/p>\n

On the other hand, President Biden\u2019s potential withdrawal from the race has also stirred the market with BTC prices reaching over $67,000. Andrew Lawrence weighs in on this scenario, \u201cWhile the market\u2019s reaction to Biden stepping down might seem overly speculative, it reflects the uncertainty and the need for stability that investors seek,\u201d he comments. \u201cIn times of political chaos, Bitcoin often serves as a hedge, which explains the heightened trading activity and price increases.\u201d\u00a0<\/span><\/p>\n

Political Uncertainty in Crypto Investments<\/strong><\/p>\n

Political uncertainty is a major driving factor of investment decisions, especially in the wild world of crypto. Lawrence specifically underlines the importance of a strategic approach during such conditions. \u201cInvestors must be prepared for rapid changes and have a well-thought-out strategy to manage risks,\u201d Lawrence advises, \u201cAt InternationalReserve, we help our clients get the latest information and tools to make informed decisions, especially when the economic or political scene is uncertain\u201d<\/span><\/p>\n

About InternationalReserve<\/strong><\/p>\n

InternationalReserve is leading the way in cryptocurrency trading and analysis for traders worldwide. The firm provides traders with a stable and functional trading platform suitable <\/span>for beginners<\/span><\/a> and experienced traders. It supports over 200+ CFDs and guarantees the highest security levels for market participants. Acknowledged by global partners and leading media, InternationalReserve values clients\u2019 trust and transparent, safe, and effective trading.<\/span><\/p>\n<\/div>\n<\/div>\n

\nThe Post What the Upcoming US Elections Mean for Bitcoin Prices: Insights from InternationalReserve Report\t<\/a> first appeared on ZEX PR Wire<\/a> <\/p>\n<\/div>\n

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London, Uk, 30th July 2024, ZEX PR WIRE, With the US presidential elections fast approaching, the financial market is awash with speculations and forecasts. One of the most debated issues is the effect of upcoming elections on Bitcoin prices. InternationalReserve, a reputable trading broker, has released a special report on this topic. Crypto Arbitrage Specialist […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-10070","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-news"},"_links":{"self":[{"href":"https:\/\/berlinverdict.com\/wp-json\/wp\/v2\/posts\/10070"}],"collection":[{"href":"https:\/\/berlinverdict.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/berlinverdict.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/berlinverdict.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/berlinverdict.com\/wp-json\/wp\/v2\/comments?post=10070"}],"version-history":[{"count":0,"href":"https:\/\/berlinverdict.com\/wp-json\/wp\/v2\/posts\/10070\/revisions"}],"wp:attachment":[{"href":"https:\/\/berlinverdict.com\/wp-json\/wp\/v2\/media?parent=10070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/berlinverdict.com\/wp-json\/wp\/v2\/categories?post=10070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/berlinverdict.com\/wp-json\/wp\/v2\/tags?post=10070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}