Could Bitcoin jump significantly after the U.S. midterms? Here’s what can happen
Photo: ZyCrypto
In a recent report, on-chain analytics firm CryptoQuant observed that the S&P 500 has advanced in all 19 twelve-month periods following U.S. midterm elections since 1950, delivering an average return of 15.4%. Notably, the third year of a presidential term has also tended to be the strongest for stocks, with lower political uncertainty encouraging risk-taking, CryptoQuant notes, while stressing that these historical tendencies do not establish causation. Per the report , Bitcoin posted gains of 24.5%, 44.9%, and 92.3% in the twelve months after the 2014, 2018, and 2022 midterms, respectively.
Source: ZyCrypto
