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Bitcoin Price Forecast: BTC Reclaims $80K in Post-Election Rally but Arthur Hayes Flags Major Downside Risk

Bitcoin (BTC) price is up 2% today, November 5, to trade at $79,676 at the time of writing. The gains occurred after appetite for risk assets returned following the Democratic Party’s win in the midterm elections. Inflows to BTC ETFs have also returned following the king coin’s biggest intraday gain since late September.

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Muthoni Mary, CoinGape

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