Altcoins Price & The November 2020 USA Elections

[edmundo]

The cryptocurrency market is majorly moved by news and events. The USA elections took a toll on the crypto markets generally with only bitcoin and Ethereum actually holding strong and making appreciable gains in that time. I am confident that, once the election heat and aftermath dies down, we should see a strong rebound of the markets and the bullish trend following closely.

[Thymoty]

BTC's price have recently broken a new high since after over a year now and this is amidst preparations for the upcoming november US elections.

A lot of experts in cryptospace have speculated differently on altcoins market situations as regards to the US elections, many speculated we are not seeing any green in the altcoins market until around first quarter of 2021 while a lot have speculated we will keep having a red altcoins market until around late november.

Despite all these speculations, BTC just pulled out and looks like the rocket engines are still warming up for a more upward price actions. What do you all think about this situation? Please lets air our view.

In my opinion, the crypto market has nothing to do with the USA presidential election. Because each of the presidential candidates has never talked about cryptocurrency or blockchain at all. So I think what is affecting the crypto market is that the current global economic situation has started to improve and investor confidence has started to form again.

[Renampun]

I wonder why there are still people trying to link cryptocurrency prices with the US election...
Bitcoin and some other decentralized coins will not be affected by the US elections. The price movements of decentralized cryptocurrencies are purely due to market demand.

[Vx1]

The American elections ended peacefully and the victory was won by the new President who supposedly supported Bitcoin and Cryptocurrency, of course this is good news in the Crypto world.  Actually it is true that the United States Election has nothing to do with Cryptocurrency, but this good news could be a trigger for an increase in the price of Bitcoin in the future.

[Prime]

We should stop talking about USA election anymore, it was over already. Bitcoin or altcoins trend is still the same, even there is an impact of USA election on crypto market, but it is not a significant impact. Crypto market isn't controlled by USA government, it is decentralized and surely no pressure from any parties. The price of Bitcoin or altcoins will always depend on the demand on the market.
 

[UNIVERSE]

So far, the market is really influenced y the news of the US election. Now it is clear that Biden is the winner. And what is the correlation and also influence the crypto market? Will it be better and make another bull run again after these market corrections?

[pelana vreo]

The US election is ongoing and the presidential election has been decided, I congratulate the citizens of the US on a successful election and have a new president.
The election or presidential election has a big impact on a country, even an economy that is experiencing a recession can recover because of a positive statement from a president.

From year to year Cryptocurrency has developed rapidly and I think some big countries will make good decisions for the advancement of cryptocurrency, for example Americans are prohibited from participating in new ICO,I just hope what if there are new regulations there that allow Americans to participate in ICO or new IEO. this will definitely drive new volume in the crypto market cap and we will see an upward trend in altcoin prices as there are many new investors who want to invest in crypto

[ayatoslaw]

We should stop talking about USA election anymore, it was over already. Bitcoin or altcoins trend is still the same, even there is an impact of USA election on crypto market, but it is not a significant impact. Crypto market isn't controlled by USA government, it is decentralized and surely no pressure from any parties. The price of Bitcoin or altcoins will always depend on the demand on the market.

The crypto market is not controlled by the US government, but there is little impact on the price of bitcoin when the president says something, so it's only natural that the outcome of the US presidential election is eagerly awaited by all cryptocurrency enthusiasts,
the price of bitcoin and altcoin can only be formed with good news or issues, because these two things will shape market demand.

[H2O]

Electoral vote already finished and running president Donald trump already defeated. But I think American elections don't affect Cryptocurrency on big parts but they have a little bit influence. President Donald trump said I am not fun of bitcoin and others Cryptocurrencies. Which has no impact on Cryptocurrency.

[Istiak]

Many say the crypto market will be down if Biden wins. But we all know a trump is an anti-crypto person. So after Biden wins we have seen that the crypto market gain momentum again and BTC hit the $16k mark.

[Gurujebs]

The cryptocurrency market is majorly moved by news and events. The USA elections took a toll on the crypto markets generally with only bitcoin and Ethereum actually holding strong and making appreciable gains in that time. I am confident that, once the election heat and aftermath dies down, we should see a strong rebound of the markets and the bullish trend following closely.

That's why this market is move by speculation, the way things are going, it seems the steam aren't dying down anytime soon. Perhaps the big fomo want to kick in and btc with major altcoins want to make another run to new all time high.
I hope this time, traders learn to take profits and don't get hook on excitement, no 9me can tell when the market cycle may complete.

[Quart]

There is two news that probably influences the price of crypto so far. The positive impact from PayPal that lead the Bitcoin has creasing price after the release of the news.
And until now the price keeps increasing because of the issues related to the US election. Will the election really give the chance and also an appreciation for this?

[Raboni]

Bitcoin price in coinmarketcap shows a positive outlook. I suspected that the price will dump after the election, my bad I was wrong on my own opinion. Bitcoin is stable around $15k which I think will gonna increase before the end of November. Although the market always fluctuating, it seems this year the ending looks good.

[Black ID]

Indeed this is a condition behind the best. Because the current bitcoin price has really gone up. And this increase happened so fast. This of course affects the US economy as well.

[Cryptoz]

I believe that what happened in the US really gives influence to the crypto world. Some days ago, the price of USDT is very dropped and any role can be at the very rate low ad also with the USA election, the news is everywhere. Here, do you think that every altcoin is also caused by that election?