Bitcoin, stocks drop as markets uncertain about US election result

The price of Bitcoin (BTC) suddenly fell by 3% within hours on Nov. 4 to $13,566 after briefly rising above $14,000. Coincidentally, the U.S. dollar, gold and stocks all fell together in tandem.

Analysts are pointing to uncertainty surrounding the election as the catalyst for the sharp correction.

Bitcoin 1-hour chart. Source: TradingView.com

Why markets fell after surging during the vote count

When the mainstream media was actively reporting the vote count, the price of Bitcoin and stocks…


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