US Midterms may Fuel Crypto, Stock Market Recovery: Binance Research

Binance Research released a report indicating that US midterm election cycles have historically been followed by significant rebounds in both the S&P 500 and Bitcoin (BTC). Data from the three post-midterm years on record show an average 19% rise for the S&P 500 and a 54% rise for Bitcoin in the 12 months following the elections. The firm argues that the year after the midterms presents the strongest recovery window because the resolution of political uncertainty allows markets to rally powerfully. Although Bitcoin experienced negative returns during previous midterm years (e.g., 56% drawdown in 2014, 73% decline in 2018), historical patterns point to a rebound in subsequent years. However, Binance cautioned that near-term market direction is currently more influenced by geopolitical conflict involving the US, Israel, and Iran, warning that escalation could push oil prices higher and keep risk assets under pressure.

(Source：Cointelegraph)