Using an implied performance against a theoretical value, ETC Group found bitcoin could move up to 10% in either direction based on the election. Given the current spot price just shy of $68,000, a 10% upside move would mean a new record high, surpassing March’s $73,697. The team also found that the impact of the election would likely have the greatest effect on Cardano (ADA) and Dogecoin (DOGE), with a 18% and 20% moves, respectively.
Source: https://www.coindesk.com/news-analysis/2024/10/16/history-suggests-cryptos-bullish-momentum-should-continue-into-the-us-election-and-afterwards/?utm_medium=referral&utm_source=rss&utm_campaign=headlines