Matrixport: U.S. presidential election years are usually good for stocks and Bitcoin

ChainCatcher news, according to Matrixport, the US presidential election year is usually good for stocks and Bitcoin. Last year, we showed Bitcoin's performance during the US elections in 2012, 2016 and 2020. By July of this year, Bitcoin has risen 39% year-to-date, and although the average return of 192% for the whole year seems unattainable, Bitcoin is following the election year pattern. Ethereum and Bitcoin have year-to-date returns of 49% and 43%, respectively, far exceeding Nasdaq (22%) and S&P 500 (16%). Despite the political and macroeconomic tailwinds, traders may choose high-interest tokens and wait for better re-entry opportunities. The Federal Reserve may express its intention to start a rate cut cycle at its July 31 meeting.