Bitcoin Soars 50% on Average After US Midterms
Bitcoin has recorded an average gain of 50% following midterms, while the S&P 500 has climbed 15%, according to CoinDesk.
Bitcoin has surged by an average of 50% following midterms, according to data published by CoinDesk. At the same time, the broader stock market index S&P 500 has posted an average gain of 15% over the same historical period.
Historical Performance
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Market analysis highlights the divergence in performance between the leading cryptocurrency and traditional equities following midterm election cycles. While equities demonstrate steady historical gains, digital assets have shown significantly higher average returns.
Key facts
- Bitcoin has soared 50% on average after midterms according to CoinDesk
- The S&P 500 has gained 15% on average over the same period
Source: news.google.com
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