FX Guys

Bitcoin price today: drops to $68k as election uncertainty builds

Investing.com– Bitcoin fell on Tuesday, extending recent declines as anticipation of a tightly contested presidential election saw traders remain largely wary of speculative assets such as cryptocurrencies.

The world’s biggest cryptocurrency had come within spitting distance of a record high last week, before sharply pulling back as traders grew more uncertain over the upcoming election. 

Losses in broader risk-driven markets, especially stocks, also showed that sentiment remained weak, with a Federal Reserve meeting later this week also coming into focus.

fell 1.2% to $68,345.5 by 00:27 ET (05:27 GMT). 

Bitcoin skittish with Trump, Harris set for tight race 

Initial gains in Bitcoin were driven by increased speculation that Donald Trump would beat Kamala Harris in the upcoming elections.

But recent polls and prediction markets showed Trump’s lead had largely evaporated…
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