Using an implied performance against a theoretical value, ETC Group found bitcoin could move up to 10% in either direction based on the election. Given the current spot price just shy of $68,000, a 10% upside move would mean a new record high, surpassing March’s $73,697. The team also found that the impact of the election would likely have the greatest effect on Cardano (ADA) and Dogecoin (DOGE), with a 18% and 20% moves, respectively.
Bitcoin’s (BTC) Bullish Momentum Should Continue Into the U.S. Presidential Election and Afterwards
