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⚡️Analysis: Following the U.S. midterm elections, the probability of gains in the S&P 500 and Bitcoin 12 within months reaches 100%BlockBeats reports that October 6, according to XWIN Japan statistics, since 1950, in the U.S. 19 midterm elections, over the subsequent 12 months, the S&P 500 Index rose in every case, with an average gain of 15.4%. The third year of a presidential term has historically also been the strongest-performing 1 year.

In the crypto market, Bitcoin rose 2014 in 2018 and 2022 during the 12 months following the midterm elections in 24.5%、44.9%and 92.3%. However, 2018 in the first month following the election, Bitcoin fell 45.5%. It should be noted that the crypto market currently has only observations, insufficient to establish a reliable pattern.

The analysis suggests that after the midterm elections are decided, attention should be paid to whether yields stabilize, whether institutional buying continues, and whether regulatory progress is made. Political tailwinds may support Bitcoin, but sustained gains still require favorable market conditions.

Original link https://m.theblockbeats.info/flash/370423