Investing.com– Bitcoin price remained flat on Wednesday, steadying after incurring losses this week as weak risk appetite- amid uncertainty over the U.S. political outlook- kept traders averse towards crypto.
The launch of spot exchange-traded funds tracking Ether also did little to improve sentiment towards the sector, with prices dropping on Tuesday and trading sideways on Wednesday.
stood nearly unchanged in the past 24 hours at $66,450.2 by 09:15 ET (13:15 GMT). The token had rebounded as far as $69,000 over the weekend, but was now steadily reversing course.
Bitcoin restricted amid political uncertainty, weak risk appetite
Bitcoin came under pressure from increased uncertainty over the U.S. presidential race, especially after President Joe Biden dropped his reelection bid and endorsed Vice President Kamala Harris.
Harris was seen swiftly gaining support in the Democratic party, and…
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