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Bitcoin (BTC) headed higher at Tuesday’s Wall Street open as a tech-stock rebound under the shadow of uncertainty surrounding the US midterm elections.
Key points:
- Bitcoin price action edged 0.7% higher on Tuesday as US equities avoided succumbing to midterm election uncertainty.
- Analysis from The Kobeissi Letter suggested markets were pricing in two years of political uncertainty amid expectations of Democratic gains in the midterm elections.
- WTI crude oil dipped to $93.59 per barrel, its lowest level since Oct. 15, despite fresh US strikes targeting Iran’s Qeshm Island.
BTC price volatility cools as stocks rise
Data from TradingView showed BTC/USD circling $77,000, continuing to retain local lows near $76,300 seen on Friday.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
Stocks faced conflicting forces at the start of the US trading session. Apple shares sought to pare losses after falling 4% in premarket trading as the…
