Is This Why Bitcoin’s Price Lost $4K in 2 Days?

It was less than a week ago when the primary cryptocurrency skyrocketed to $73,500 for the first time since the all-time high registered in March this year. The landscape seems entirely different now, and the question of what has changed pops up. After the Friday fall to under $69,000, it jumped to $71,600 later that day. However, it went on the retreat once again and currently struggles at $67,700, which means that it has lost about $4,000 since Friday evening. Although there’s no certainty behind the reasoning, the most obvious one points to the US presidential elections and the recent drop in odds for Donald J. Trump. Recent history shows that the US elections, as well as the local economy state, have resulted in massive volatility for bitcoin. Consequently, even though it’s still uncertain who will win on Tuesday, chances are that there will be tons of fluctuations for $BTC and the altcoins, so traders should be wary.