US election paving way for improved investor sentiment – The Armchair Trader
Bitcoin’s price fluctuated between $59,000 and $72,000 during October, nearing its all-time high of $74,000 set in March 2024. This surge was partly driven by investor optimism ahead of the US presidential election.
Cryptocurrency industry observations with thanks to the team at CKC Fund.
Ethereum traded between $2,300 and $2,700 throughout the month. Despite the overall market uptrend, ETH’s performance lagged behind Bitcoin, with analysts attributing this to various factors, including network upgrades and market dynamics.
Regulatory developments for crypto
The SEC delayed decisions on spot Bitcoin ETF applications, maintaining uncertainty in the market. However, both major US presidential candidates expressed support for…
