Bitcoin Price (BTC) Bounces on Monday, but NYDIG Remains Cautious
The fourth quarter is approaching, and bitcoin bulls are eagerly awaiting potential positive catalysts to drive the price of the cryptocurrency higher. According to Cipolaro, in the coming weeks, factors outside of the crypto world may play a significant role in influencing bitcoin’s performance.
One such factor could be macroeconomic news, including updates on employment rates, inflation data, and Federal Reserve policies. These external forces could impact investor sentiment and ultimately affect the demand for bitcoin.
Another key event on the horizon is the November presidential election. While President Donald Trump has expressed support for cryptocurrencies in the past, little is known about Kamala Harris’ stance on the digital asset. The outcome of the election could have far-reaching consequences for the crypto market.
As the countdown to the fourth quarter continues, bitcoin enthusiasts are keeping a close eye on these external factors, hoping for positive developments that could propel the price of bitcoin to new heights.
