Bitcoin Price Crash Below $70,000: What Does It Have To Do With Whales And The US Presidential Elections?

Q: How long will it take to read this news story?

The story "Bitcoin Price Crash Below $70,000: What Does It Have To Do With Whales And The US Presidential Elections?" has 515 words across 67 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Bitcoin Price Crash Below $70,000: What Does It Have To Do With Whales And The US Presidential Elections?" was covered 2 weeks ago by NewsBTC, a news publisher based in United Kingdom.

Q: How trustworthy is 'NewsBTC' news outlet?

NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news. The outlet is headquartered in United Kingdom and publishes an average of 9 news stories per day. It's most recent story was published 9 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23431723</li><li>URL: https://beamstart.com/news/bitcoin-price-crash-below-70000-17308150566448</li></ul>

NewsBTC Logo NewsBTC 2w ago

Bitcoin Price Crash Below $70,000: What Does It Have To Do With Whales And The US Presidential Elections? - NewsBTC

Quick Summary:

The market intelligence stated that "Bitcoin whales are patiently awaiting the US Presidential election results as their activity settles from last week’s spike near crypto’s top. The outcome of the US elections are expected to start pouring in today, and many crypto traders and investors are already preparing for major market volatility and unpredictability.

The analyst has suggested that if history repeats itself, that is, if Trump wins the current Presidential elections and Bitcoin price experiences a similar surge, then the pioneer cryptocurrency could be worth $2 million by 2025. Moreover, Santiment has revealed that in the previous election in November 2016, Bitcoin crashed by 5.5% after Trump was announced as President.

Many are labeling this sharp decline to the $68,000 level as the "biggest Bitcoin crash,” signaling that the most significant downturn in Bitcoin’s history has just started. Related Reading: Dogecoin Whales Record Largest Accumulation Week Since January With 2.10 Billion Tokens Bought Market intelligence platform Santiment has noted the recent Bitcoin crash, highlighting the decreasing number of non-empty wallets by investors.