Bitcoin is watching and waiting for 2024 election results

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Bitcoin remains just shy of its all-time high, potentially biding its time for the election results. Speculation about who will become the 47th president of the United States—Donald Trump or Kamala Harris—has created an atmosphere of fear, uncertainty, and doubt within the crypto community. A lot of polls indicate a close race between the two candidates.

Earlier this week, the leading cryptocurrency peaked at $73,562, just below 1% of its record high of $73,737, which it reached in March. However, since then, Bitcoin has slipped, falling to the $70,000 mark. Currently, Bitcoin’s price appears largely stagnant, as it seems to await the election results with bated breath.

Many are already speculating on how Bitcoin might respond to a potential victory by either Trump or Harris. Debates are emerging over which outcome would be more…

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