Auto Added by WPeMatico

Bitcoin Could Hit New Yearly High on US Election Risks, Hints Citibank Report

Bitcoin could hit a new year-to-date (YTD) high, abetted in part by the risks surrounding the US presidential election. The analogy takes cues from a quarterly commodity outlook published by Citigroup. The American banking giant specifically based its report on gold and its potential behavior amid the election season this November. It noted that the precious metal may rise to a new yearly high, stating that the market is underplaying the asset’s ability to grow against the election’s uncertainty. Connecting Dots Bitcoin, which has erratically tailed the gold market since March 2020, fell this week against a similar geopolitical outlook.…

Continue Reading Bitcoin Could Hit New Yearly High on US Election Risks, Hints Citibank Report

End of content

No more pages to load