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Bitcoin

Bitcoin’s midterm slump looks more like its own cycle than election fallout

Image: Crypto Briefing

Past post-midterm lows in 2015, 2018 and 2022 line up with Bitcoin's internal market rhythm, while tech stocks show a messier record US midterm elections are 10 days out, and Bitcoin has a track record around them that traders would rather not repeat. In each of the last three midterm cycles, the asset hit a major low shortly after voters went to the polls. A closer look suggests the ballot box may not be the culprit. According to CoinDesk’s analysis, the timing appears more closely tied to Bitcoin’s own market cycles than to anything happening in Washington, especially since technology stocks have not followed the same script. The pattern is tidy enough to make anyone suspicious.

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