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many crypto investorsCNBC
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79% Informative
Bitcoin has traded between $55,000 and $70,000 for most of 2024 , after reaching its all-time high above $73,000 in March .
Analysts say the election results will have minimal effects on how bitcoin performs over the next 12 to18 months .
Analyst: Bitcoin has always been an investment that is rooted more in the fiscal and monetary profile of countries, sovereigns and the United States .
Bitcoin has been the top performing asset in all but three years since 2012 .
Daniel Cawrey , chief strategy officer at crypto wallet operator Tonkeeper , said there will likely be a short-term rally or muted market reaction depending on the eventual winner in November but that, either way, crypto is already better off this election season .
VR Score
85
Informative language
86
Neutral language
63
Article tone
semi-formal
Language
English
Language complexity
54
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
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