Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
Bitcoin traded above $61,000, having hit a low of $58,580 on Monday. The broader market gauge of the CoinDesk 20 Index bounced to 2,083 points from 2,020. Still, BTC, afor macro traders, is down almost 10% for the month, starkly contrasting with a 5% gain in Wall Street's tech-heavy index, Nasdaq. The differing trajectories might foreshadow a tightening of liquidity conditions in financial markets and be a bearish signal for Nasdaq.
said in his daily analysis. “It may not be such a good sign for Nvidia, either, because Nvidia has tracked Bitcoin fairly well, too.”A Polymarket contract asking who would win the election showed Republican candidate Donald Trump as the clear favorite, with a 57% chance of winning versus 35% for Biden. Meanwhile, another contract showed Biden winning the popular vote, which merely represents the proportion of votes cast for each candidate and carries no electoral weight.
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