tldr; Bitcoin has entered an unusually calm period, with its price moving less than 5% for 34 consecutive sessions, as traders await the outcome of the upcoming US election. Historically, Bitcoin has performed well in October, known as ‘Uptober,’ but this year lacks clear drivers. The election’s outcome, particularly the stance of candidates Donald Trump and Kamala Harris on cryptocurrency, is anticipated to influence Bitcoin’s future. Meanwhile, regulatory actions and market dynamics are contributing to the current stagnation in volatility.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; Bitcoin has entered an unusually calm period, with its price moving less than 5% for 34 consecutive sessions, as traders await the outcome of the upcoming US election. Historically, Bitcoin has performed well in October, known as ‘Uptober,’ but this year lacks clear drivers. The election’s outcome, particularly the stance of candidates Donald Trump and Kamala Harris on cryptocurrency, is anticipated to influence Bitcoin’s future. Meanwhile, regulatory actions and market dynamics are contributing to the current stagnation in volatility.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.