{"id":449262,"date":"2020-11-09T13:55:55","date_gmt":"2020-11-09T13:55:55","guid":{"rendered":"https:\/\/uniquehot.com\/?p=449262"},"modified":"2024-06-11T14:08:08","modified_gmt":"2024-06-11T14:08:08","slug":"bitcoin-responds-to-biden-victory-with-rollercoaster-intraday-volatility","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-responds-to-biden-victory-with-rollercoaster-intraday-volatility\/","title":{"rendered":"Bitcoin Responds To Biden Victory With Rollercoaster Intraday Volatility"},"content":{"rendered":"
Bitcoin<\/a> and cryptocurrencies are known for their notorious volatility, rising by enormous figures only to retrace nearly 90% of the entire rise. Except that usually happens on a grander scale. Since Biden was proclaimed the winner of the US election, however, intraday volatility has skyrocketed.<\/p>\n Here’s a look at just how violent things have gotten since a winner of the US presidential race was announced.<\/p>\n Although a “blue wave<\/a>” win was expected to deal a devastating blow to the stock market, it is doing the exact opposite, prompting the single-largest positive day movement in the stock market since the April V-shaped recovery.<\/p>\n The historical movement in traditional markets has also spurred wild volatility in crypto, which last week saw a similar bullish impulse, pushing Bitcoin to a high of just under $16,000<\/a>.<\/p>\n <\/p>\nBitcoin Volatility Reaches Rollercoaster Like Levels Following Biden Blue Wave Win<\/h2>\n
Bitcoin has exploded with intraday volatility since Biden was called the winner by AP | Source: BTCUSD on TradingView.com<\/pre>\n