{"id":568,"date":"2024-10-02T12:01:35","date_gmt":"2024-10-02T12:01:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=568"},"modified":"2024-10-02T12:01:35","modified_gmt":"2024-10-02T12:01:35","slug":"why-bitcoins-uptober-wont-be-a-smooth-ride-its-the-election-silly","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=568","title":{"rendered":"Why Bitcoin&#8217;s &#8216;Uptober&#8217; Won&#8217;t Be A Smooth Ride: It&#8217;s The Election, Silly"},"content":{"rendered":"<div>\n<p>Economist and macro trader Alex Kr\u00fcger voiced caution about the sudden market optimism, coined as &#8220;Uptober&#8221;, highlighting the looming uncertainty of the U.S. election year and its potential impact <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41126018\/bitcoin-plunges-below-62k-as-iran-launches-missile-attack-on-israel\">on market volatility<\/a>.<\/p>\n<p><strong>What Happened: <\/strong>Kr\u00fcger highlighted the unexpected bullishness following the last FOMC meeting but emphasized that it was two weeks ago, and the situation has since evolved.<\/p>\n<p><figure class=\"wp-block-table\"><\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Cryptocurrency<\/strong><\/td>\n<td><strong>Price\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\n<td><strong>7-Day Gains +\/-<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Bitcoin (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>)<\/td>\n<td>\u00a0$61,085<\/td>\n<td>-3.9%\u00a0<\/td>\n<\/tr>\n<tr>\n<td>Ethereum (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>)<\/td>\n<td>\u00a0$2.452<\/td>\n<td>\u00a0-6.5%<\/td>\n<\/tr>\n<tr>\n<td>Solana (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/sol\/usd\">SOL<\/a>)<\/td>\n<td>\u00a0$145.98<\/td>\n<td>\u00a0-2.9%<\/td>\n<\/tr>\n<tr>\n<td>Dogecoin (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/doge\/usd\">DOGE<\/a>)<\/td>\n<td>\u00a0$0.1063<\/td>\n<td>\u00a0-2.7%<\/td>\n<\/tr>\n<tr>\n<td>Shiba Inu (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/shib\/usd\">SHIB<\/a>)<\/td>\n<td>\u00a0$0.00001662<\/td>\n<td>\u00a0+10.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p>Despite ongoing conflicts in the Middle East, Kr\u00fcger pointed out that the major uncertainty lies in the upcoming <a href=\"https:\/\/www.benzinga.com\/news\/24\/10\/41136119\/vance-vs-walz-flash-poll-picks-this-candidate-as-tuesdays-debate-winner-but-he-falls-short-in-favora\">U.S. elections<\/a>. He stated, &#8220;Who wins &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41138597\/why-bitcoins-uptober-wont-be-a-smooth-ride-its-the-election-silly\" alt=\"Why\" bitcoin won be a smooth ride: it the election silly>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Economist and macro trader Alex Kr\u00fcger voiced caution about the sudden market optimism, coined as &#8220;Uptober&#8221;, highlighting the looming uncertainty of the U.S. election year and its potential impact on market volatility. What Happened: Kr\u00fcger highlighted the unexpected bullishness following the last FOMC meeting but emphasized that it was two weeks ago, and the situation [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-568","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=568"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/568\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}