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<h1 class="vjs-social-title">Share: Trump Leads Biden By 5 Points In Hypothetical 2024 Presidential Poll</h1>
<h2 class="vjs-social-description">An Emerson College poll released Friday found President Joe Biden is down 44% to 39% to former President Donald Trump in a hypothetical 2024 rematch, as Biden’s approval rating continues to plummet.</h2>
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All Rights Reserved. Subscribe Sign In BETA This is a BETA experience. You may opt-out by clicking here MORE FROM FORBES Jul 22, 2022,01:42pm EDT Coinbase Is Ready To Challenge The SEC Jul 5, 2022,10:13pm EDT A Landmark NFT Lawsuit Seeks To Determine How Creators, Owners, And Investors Can Protect Their Intellectual Property And Monetize Assets Moving Forward Jun 9, 2022,01:01pm EDT Cryptocurrency Bill Will Mitigate Key Risks For Web3 Investors, If It Can Pass May 21, 2022,09:08am EDT To Avoid Falling For Scams, Novice Crypto Traders Should Treat Most Tokens Like Stocks. May 20, 2022,10:33am EDT Large Crypto Losses May Not Become Instant Tax Write-0ffs, But Here’s What You Can Do May 17, 2022,04:38pm EDT The Death Spiral: How Terra’s Algorithmic Stablecoin Came Crashing Down May 17, 2022,02:09pm EDT How The DeFi Space Has Become A Massive Breeding Ground For Crypto Ponzi Schemes Edit Story Crypto & Blockchain BITCOIN INTEREST WANES AS A VIOLENT BREAKOUT LOOMS Chris Brookins Former Contributor Opinions expressed by Forbes Contributors are their own. I write about DeFi and Web3 Jul 20, 2020,02:57pm EDT| This article is more than 2 years old. * Share to Facebook * Share to Twitter * Share to Linkedin Volatility Ahead Caution Sign - Blue Sky Background Getty Since the halving, bitcoin’s price has traded mostly between $9,000 and $10,000, compared to the red hot DeFi and “alt” coins that regularly post triple digit returns. In recent weeks, bitcoin’s range has tightened with many analysts noting a potentially violent price breakout on the horizon. However, there is no consensus on which direction the breakout will assume. Charles Edwards, Founder of Capriole Investments, suggests bitcoin’s fundamentals have never looked better. “I have a very bullish outlook in the mid to long term. For example, energy value is at all time highs, suggesting BTC is more valuable than ever before. When this is increasing, it is historically very bullish.” This longer term indicator may suggest that a breakout leans towards the bulls. Interestingly, bitcoin’s tightening volatility is not a new phenomenon, and occurred from late-September to early-November 2018, which ultimately broke out to the downside, falling from $6,500 to $3,400. One quantitative risk indicator value has been dropping quickly coupled with compressing price volatility. The only other time this dynamic unfolded was November 2018, which could suggest that a stark price fall is on the horizon. The caveat is that this signal has only occurred once before, thus suffers from a small sample size. PROMOTED https://weeklyjab.substack.com/p/weekly-jab-bitcoin-analysis-3 Additionally, the anonymous Founder of Decentrader, Filb, notes “derivatives open interest (OI) increasing as we have consolidated through this period by about 45%, is a similar amount seen before the fall in Q3 last year, to around 8k. It appears OI has been net increasing on dumps. This implies that...the market needs a catalyst to clear this OI out.” MORE FOR YOU JUAN SOTO CONTRACT REJECTION COULD MAKE ORIOLES A BETTER BUY THAN NATIONALS RARIBLE LOOKS TO ENLARGE NFT MARKETPLACE WITH NEW AGGREGATOR FEATURE THE 40 BEST GIFTS FOR TEENS TO FULFILL ALL THEIR WISH LISTS RIGHT NOW Tradingview.com, Decentrader.com Furthermore, Filb adds, “alts have continued their downward trajectory over the past few days, which are probably quite important as to what happens next; particularly if they start dumping and the money flowing back into bitcoin isn’t doing anything. Something to pay attention to for sure.” PLAY Forbes Money Video Settings Full Screen About Connatix V192087 Read More Read More Read More Read More Read More Read More Read More Read More Read More Read More Read More Read More 5 Stocks Now At The “Just Get MeOut” Stage 1/1 Skip Ad Continue watching after the ad Visit Advertiser websiteGO TO PAGE Lastly, Bo Collins, CEO of San Juan Mercantile Bank and Trust, notes bitcoin CME futures volume growth from 2019 to 2020 is only approximately +10%, at the time of writing. This number becomes weaker when considering yearly foreign exchange (FX) futures volume growth can regularly eclipse +30%, e.g. 2018. Tepid bitcoin futures growth calls into question the institutional adoption narrative in some respects, and may imply less buying demand than originally suspected. However, as shown by Glassnode.io, the amount of bitcoin held on centralized exchanges has dropped considerably since March, which seems bullish for bitcoin as spot investors appear to be holding for the long-term rather than short-term trading. https://glassnode.com/ Furthermore, per Blockchair.com, bitcoin days destroyed supports the aforementioned notion, with 2020 metrics well within the historical average, including far smaller spikes than previous all-time highs, thus bullish. https://blockchair.com/bitcoin/charts/coindays-destroyed?interval=full Despite the differing analyses, the only thing that is certain, is that a strong breakout for bitcoin looms. Only time will tell which faction of analysts are proven correct. Disclosure: The author owns bitcoin and ethereum. Follow me on Twitter or LinkedIn. Check out my website. Chris Brookins Chris is the co-founder of RociFi, a new DeFi primitive for zero and under-collateralized lending. * Editorial Standards * Print * Reprints & Permissions Trump Leads Biden By 5 Points In Hypothetical 2024 Presidential Poll Video Player is loading. Play Video Pause Unmute Current Time 0:04 / Duration 0:15 Loaded: 100.00% 0:04 Stream Type LIVE Seek to live, currently behind liveLIVE Remaining Time -0:11 Share 1x Playback Rate Chapters * Chapters Descriptions * descriptions off, selected Captions * captions settings, opens captions settings dialog * captions off, selected Audio Track * en (Main), selected Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. 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SHARE: TRUMP LEADS BIDEN BY 5 POINTS IN HYPOTHETICAL 2024 PRESIDENTIAL POLL AN EMERSON COLLEGE POLL RELEASED FRIDAY FOUND PRESIDENT JOE BIDEN IS DOWN 44% TO 39% TO FORMER PRESIDENT DONALD TRUMP IN A HYPOTHETICAL 2024 REMATCH, AS BIDEN’S APPROVAL RATING CONTINUES TO PLUMMET. Facebook LinkedIn Pinterest Tumblr Twitter Direct LinkEmbed Code Close Modal Dialog