Binance Research sees US midterms as potential catalyst for Bitcoin rally

The U.S. midterm elections could serve as a catalyst for a crypto market recovery, according to Binance Research. The firm noted that historically, strong rallies in both stocks and Bitcoin have followed U.S. midterm election cycles. Past data shows the S&P 500 index rose by an average of 19% in the 12 months following the midterms, while Bitcoin saw an average increase of 54% over the three years after an election. Binance Research suggested that the year following an election can be the strongest period within the cycle, as the results remove major political uncertainty.