Bitcoin (BTC) was $81,262 at 7:30 p.m. ET Wednesday (23:30 UTC), after touching $80,297 on Bitstamp earlier Wednesday, and remained below its $81,831 50-day average ahead of the U.S. midterm vote.
CoinGecko and exchange spot data showed a 0.51% gain over 24 hours. At that time, Bitcoin was $569 below the average; it had traded near $82,000 before the Federal Reserve meeting, as EconoTimes reported earlier.
Bitcoin had recorded 66 straight closes above the average. It later settled below that threshold for the first time since August.
Keith Alan, co-founder of crypto trading platform Material Indicators, said Tuesday: “Markets may have priced in no rate change, but they haven’t priced in the election outcome.” The U.S. midterm vote is set for Tuesday, Nov. 3.
