Bitcoin price stabilizes near $69k amid election uncertainty, Fed meeting skepticism.

From Investing.com

November 4, 2024 12:52:31 am:

Bitcoin’s price stabilized after a failed attempt to reach record highs, as election uncertainty and Fed meeting skepticism weighed on risk appetite. The cryptocurrency rose 0.6% to $69,018.9.

Election polls showed a tight race between Trump and Harris, with Harris gaining ground. Harris’ odds on Polymarket increased to 44%, while Trump’s fell to 56%, impacting Bitcoin’s recent losses.

Altcoins remained subdued as the Fed’s upcoming meeting added to uncertainty. Ethereum rose 1% to $2,465.40, while other cryptocurrencies like XRP and Litecoin remained flat or saw slight declines. Fed expected to cut interest rates by a smaller margin than in September.

Read more at Investing.com: steadies near $69k as election jitters mount By Investing.com