{"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

Bitcoin Volatility Reaches Rollercoaster Like Levels Following Biden Blue Wave Win<\/h2>\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>\n

Bitcoin has exploded with intraday volatility since Biden was called the winner by AP | Source: BTCUSD on TradingView.com<\/pre>\n

But after Biden was revealed by the Associated Press<\/a> as having reached the critical 270 electoral votes, Bitcoin plummeted by 10% in a sharp selloff.<\/p>\n

It immediately responded, however, with a 10% rise back to highs. The hourly chart above reflects just how shocking the ride got along the way. After each 10% swing, another 4-5% swing, either way, has gone back and forth hourly since the start of the first work week since the election was called.<\/p>\n

Related Reading | When Crypto\u2019s Most Reliable Sell Signal Fails, The Bitcoin Bull Run Is On<\/a><\/strong><\/em><\/p>\n

The stock market is opening any minute and with futures soaring, the volatility could only just be starting for Bitcoin following this blowout Biden blue wave win.<\/p>\n

Featured image from Deposit Photos, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"

Bitcoin 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. Here’s a look at just how violent things have gotten since a winner of the US presidential race was announced. Bitcoin Volatility Reaches Rollercoaster Like Levels Following Biden Blue Wave Win Although a “blue wave” 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. 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. Bitcoin has exploded with intraday volatility since Biden was called the winner by AP | Source: BTCUSD on TradingView.com But after Biden was revealed by the Associated Press as having reached the critical 270 electoral votes, Bitcoin plummeted by 10% in a sharp selloff. It immediately responded, however, with a 10% rise back to highs. The hourly chart above reflects just how shocking the ride got along the way. After each 10% swing, another 4-5% swing, either way, has gone back and forth hourly since the start of the first work week since the election was called. Related Reading | When Crypto\u2019s Most Reliable Sell Signal Fails, The Bitcoin Bull Run Is On The stock market is opening any minute and with futures soaring, the volatility could only just be starting for Bitcoin following this blowout Biden blue wave win. Featured image from Deposit Photos, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":449266,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,82859,78790,6664,4524,76835],"class_list":["post-449262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdc","tag-btcusdt","tag-crypto","tag-xbt","tag-xbtusd"],"acf":[],"yoast_head":"\nBitcoin Responds To Biden Victory With Rollercoaster Intraday Volatility<\/title>\n<meta name=\"description\" content=\"Bitcoin and cryptocurrencies are known for their notorious volatility, rising by enormous figures only to retrace nearly 90% of the entire rise. 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Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/uniquehot.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Responds To Biden Victory With Rollercoaster Intraday Volatility","url":"http:\/\/uniquehot.com\/news\/bitcoin-responds-to-biden-victory-with-rollercoaster-intraday-volatility\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-responds-to-biden-victory-with-rollercoaster-intraday-volatility\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/11\/bitcoin-biden-presidency-us-election-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/11\/bitcoin-biden-presidency-us-election-scaled.jpg?fit=2560%2C1920"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","btcusdc","btcusdt","crypto","xbt","xbtusd"],"dateCreated":"2020-11-09T13:55:55Z","datePublished":"2020-11-09T13:55:55Z","dateModified":"2024-06-11T14:08:08Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Responds To Biden Victory With Rollercoaster Intraday Volatility\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-responds-to-biden-victory-with-rollercoaster-intraday-volatility\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-responds-to-biden-victory-with-rollercoaster-intraday-volatility\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/bitcoin-biden-presidency-us-election-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/bitcoin-biden-presidency-us-election-scaled.jpg?fit=2560%2C1920\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"btcusdc\",\"btcusdt\",\"crypto\",\"xbt\",\"xbtusd\"],\"dateCreated\":\"2020-11-09T13:55:55Z\",\"datePublished\":\"2020-11-09T13:55:55Z\",\"dateModified\":\"2024-06-11T14:08:08Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/11\/bitcoin-biden-presidency-us-election-scaled.jpg?fit=2560%2C1920","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/449262"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=449262"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/449262\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/449266"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=449262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=449262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=449262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}