Bitcoin has soared 50% on average after midterms. The S&P 500 has gained 15%.
Summary
Historically, both bitcoin and the S&P 500 tend to deliver positive market returns during the year following midterm elections. While the stock index shows moderate growth, the cryptocurrency has experienced significantly larger average price increases. Analysts note that these crypto gains might also be driven by recurring halving cycles.
Both bitcoin and the S&P 500 have historically produced positive returns in a year after midterms. BTC's pattern, however, could also be explained by the four-year halving cycles.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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