Bitcoin Price Forecast: BTC Reclaims $80K in Post-Election Rally but Arthur Hayes Flags Major Downside Risk
By Muthoni Mary
Bitcoin (BTC) price is up 2% today, November 5, to trade at $79,676 at the time of writing. The gains occurred after appetite for risk assets returned following the Democratic Party’s win in the midterm elections. Inflows to BTC ETFs have also returned following the king coin’s biggest intraday gain since late…
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Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinExchange-traded fund
An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.
ETFs offer low-cost, diversified investing and are a fast-growing way people save.
More about Exchange-traded fundMore in Bitcoin
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