Reported 20 days ago
This week marked the largest withdrawals from spot bitcoin exchange-traded funds (ETFs) since May, with investors pulling out $541 million primarily due to uncertainty surrounding the U.S. presidential election. Experts suggest that the ambiguous outcome of what many consider a critical election has led to a 'wait-and-see' approach, making risk assets like bitcoin less attractive. Despite bitcoin's significant price growth this year, volatility is expected as the election results approach, with predictions for the cryptocurrency's value to range between $60,000 and $80,000 post-election.
Source: YAHOO