BTC heads into US midterm showdown: Three things to know in Bitcoin this week

BTC heads into US midterm showdown: Three things to know in Bitcoin this week

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

Bitcoin (BTC) held above its 100-day moving average on Monday ahead of US midterm elections, jobs data and earnings from Apple and Palantir.

Key points: Tuesday’s US midterm elections will determine control of Congress, with prediction market traders heavily favoring a Democratic victory in the House of Representatives.

Kalshi put the probability of Democrats winning the House at 93.6% as of Monday.

President Donald Trump said he would use his veto power if Democrats took control of Congress.

You veto it,” he said, according to the New York Post.  Bitcoin ended the fourth quarter lower in each of the past three US midterm election years, falling 17.3% in 2014, 43.5% in 2018 and 14.8% in 2022.

All three periods coincided with Bitcoin bear markets.

Benjamin Cowen, founder and CEO of crypto analytics platform IntoTheCryptoverse, suggested that the midterms can function as a cue to increase BTC exposure due to their short-term bearish impact on price.

“Usually the Q4 dump of midterm years just provide opportunities to buy for those who sold long ago,” he said Friday on X.  In July, Cowen referenced Bitcoin bear-market bottoms coinciding with the second half of midterm years.

Analiz: Piyasa hareketliliği devam ediyor.