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Matrixport: Bitcoin price fluctuations bring opportunities amid election and economic uncertainty

2024-09-04 07:04
Odaily News Matrixport published a chart showing that the price of Bitcoin has fluctuated between +20% and -10% in the past 30 days. Buying when the price drops to -10%, investors can usually get returns of up to 20% or even 40% in the following weeks. As long as Bitcoin remains in a bull market, this trend is likely to continue. If Trump wins the US presidential election or the Federal Reserve cuts interest rates, prices are likely to rise. However, due to the uncertainty of the US election and economic growth, any rebound may take a longer period of time, similar to the past 10% adjustment period.