Could the US Election Trigger a Crypto Market Boom or Bust?

Quick Summary:

This heavily suggests how connected the crypto world can sometimes be with elections and gives an inkling into what may lie ahead in this election cycle.

Anyone who invested $1,000 in Bitcoin on US election day in 2016 saw a phenomenal return to over $10,000 the following year.

Now, with more than $160 million invested in federal election campaigns, crypto lobbyists are driving bipartisan support in Congress.

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Article Details

Author / Journalist: Teuta

Category: Crypto

Markets: IndiaCroatia

Topics: US 2024 Election 24/7 Cryptocurrency News Crypto Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-02 @ 07:36:51 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 878 words

Reading Time: 5 minutes read

Sentences: 58 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23368930

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 24 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #59

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