Market picture Judging by intraday performance, the market is undergoing a shakeout of positions as some players close positions related to the idea of a Republican victory. The market's further momentum will depend on whether politicians continue to support crypto, which creates the risk of volatility. Bitcoin is hovering around $75.7K, close to the highs.
It is also still below the 2021 high of $260. News background After updating its record in the wake of the US election, Glassnode believes that bitcoin can continue to grow thanks to fresh capital inflows. It has strengthened significantly since the beginning of September, suggesting a growing appetite for risk among investors.
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