Bitcoin price defends $76K lows as analysts see stocks pricing in ‘political gridlock’

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Bitcoin (BTC) headed higher at Tuesday’s Wall Street open, circling $77,000 and preserving its local lows near $76,300 reached on Friday. Markets were divided between a rebound in technology stocks and uncertainty surrounding the US midterm elections. Apple pared its losses after falling 4% in premarket trading, citing a forecast for gross margins of 45% to 46%, down from 47.9% in the previous quarter. The Kobeissi Letter said markets were pricing in a possible congressional gridlock for two years, which would make policy decisions less predictable. WTI crude oil fell after reaching $98.80 per barrel, dropping below $94 on Tuesday amid tensions between the US and Iran.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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