Markets· ★★★· bearish·

Monex: Bitcoin hinges on US midterms and Binance hack fallout, range $74K–$82K

  • —BTC slid to $76K on suspected Binance hack and AI-investment worries
  • —Monex sees a $74,000–$82,000 range for the coming week
  • —Nov. 3 midterms could weaken odds of progress on the CLARITY Act
  • —Nov. 6 jobs data will shape December Fed rate-hike expectations
Why it matters: The election outcome and the scale of the Binance incident will set bitcoin's direction through November.
#BTC
Source: CoinDesk Japan
More on this
Markets · Oct 1
Bitcoin's October outlook hinges on $82K support, analysts say
 Markets · yesterday
Bitcoin stuck in $80K–$85K range; breakout hinges on tech earnings and inflation
 Markets · Oct 23
Bitcoin's post-midterm slump looks like its own cycle, not election fallout