Bitcoin (BTC) Reverse Ties to Dollar Index (DXY) Questioned As US Election Approaches

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By Maya Cantina

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“The upward convexity of a Trump victory is worth the long haul, and we see market participants building positions ahead of it. Absent an escalation of the crisis, we see BTCUSD at 70,000 in the coming weeks, continuing current downside support, with stocks reaching new highs,” Jonathan de Wet, chief investment officer of crypto liquidity provider Zerocap, said in an email.

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