Elections and Expectations: Decoding the Crypto Market's Reaction

The cryptocurrency market has been experiencing significant growth, with the global market cap reaching $2.57 trillion USD, marking a 2.31% increase over the last day. This surge in value can be attributed to several factors, including the recent US elections.

Following the election results, where Donald Trump emerged victorious, the market saw a notable pump in value. Bitcoin, for instance, reached an all-time high of $76,013.14, while Ethereum hit $2,849.41. This positive movement can be seen as a catalyst, sparking renewed interest and confidence among investors.

However, it's important to note that historically, the market tends to move upwards regardless of who wins the election. This trend has been consistent over the years, suggesting that the market's reaction is more about the resolution of uncertainty than the specific outcome.

Another critical factor to consider is the four-year cycle that the cryptocurrency market follows. This cycle is closely tied to the Bitcoin halving events, which reduce the supply of new bitcoins entering the market. Historically, these halvings have led to significant price increases, generating momentum and driving the market upwards.

While the start of September was somewhat discouraging with sideways movement, October brought a slow increase, culminating in Bitcoin hitting an all-time high after the election results. This reaction indicates that the market was excited about the outcome, and the all-time high was an inevitable response.

Looking ahead, we can only hope that the positive price action continues. The question remains whether we will see more movement upwards until the end of the year. Despite the lack of significant rise in my holdings, there's no need to worry. Market cycles historically indicate the trajectory, and my strategy remains to hold, dollar-cost average (DCA), and take profits based on my personal targets.

It's crucial to remember that things may not always go as planned. We may encounter rug pulls, hacks, and other challenges. However, by doing due diligence, conducting thorough research, and staying informed, we can navigate these obstacles and come out on top. Some of my coins have matured since the previous bull market, and I have remained patient and aware of the market. Having lived through an agonizing bear market, the delayed gratification of returns will be worth it.

Congratulations to all those who have had conviction in their coins and not sold. Let's see how we all fare in the coming months.