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    Bybit x 10xResearch — Market Closely Watches for Price Reversal as August CPI Looms

    Intermediate
    Crypto Insights
    10xResearch
    Aug 9, 2024
    3 min read
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    Author: Markus Thielen, Founder and CEO of 10xResearch

    Key Events Bitcoin Traders Need to Watch

    It’s challenging to stay on top of all the events and news influencing Bitcoin prices. The Bitcoin rally lost momentum in July when President Biden was replaced as the Democratic nominee on July 21, 2024, reducing the election odds for the crypto-friendly contender Trump. Polls indicate a close race between the Democrats and the perceived crypto-friendly Republicans, causing rising Bitcoin volatility.

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