Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
Major cryptos are consolidating on Tuesday in the wake of Monday’s sharp deleveraging-fueled drop, allowing investors to assess what might be the best crypto to buy now to take advantage of the latest market dip.
Bitcoin (BTC) was last trading sideways at $67,000, only a few percentage points below the multi-month highs it hit in the $69,000s in early Monday trade.
BTC is up an impressive 14% from its October lows, so it’s no surprise the bulls are taking a breather.
However, as the US presidential election appears likely to deliver a crypto-favorable Trump victory and more Fed rate cuts near, the bulls will likely remain in control.
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