Bitcoin (BTC) saw a significant dip below $69,000 over the weekend, sparking over $200 million in market liquidations. This decline is notably linked with shifts in the US political landscape.
Analysts have observed a correlation between Bitcoin's falling price and the decreasing odds of US Republican presidential candidate Donald Trump winning the upcoming November 5 elections.
This relationship suggests potential political influences on cryptocurrency markets, highlighting the interconnectedness between political events and financial stability in the crypto space.
Source: bitcoinist.com ↗