After Biden Wins US Election, Bitcoin Loses
It was a good week for the crypto market. Until it wasn’t. After a week-long upward trend, the market has suffered a 3.06% drop over the last day.
It seemed as if the US presidential election week was good for crypto. Pollsters (and crypto bettors) had long predicted a Biden win; stock markets rallied and Bitcoin’s price sailed to new highs each day.
When Biden won, things started to go south for crypto. Decrypt reported yesterday that the price of Bitcoin dropped from $15,369 to lows of $15,190 right after the news. But it didn’t stop there.
Learn more about the news here (https://decrypt.co/47575/after-biden-wins-us-election-bitcoin-loses).