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Bitcoin's midterm election dips align with its own market cycles, not US election effects.

Market News
23 Oct 2026
Crypto Briefing
View Source
Neutral
Bitcoin's midterm election dips align with its own market cycles, not US election effects.

Bitcoin has historically hit major lows shortly after US midterm elections in 2014, 2018, and 2022, but analysis shows these drops align more with Bitcoin's internal supply and halving cycles than the elections themselves. Unlike tech stocks, which show inconsistent patterns around midterms, Bitcoin's price movements follow its programmed issuance cuts, suggesting the midterm timing is coincidental. Heading into the 2026 midterms, Bitcoin trades above the short-term holder cost basis, providing some cushion, but a drop below this level could signal renewed volatility. Historically, post-midterm dips have been followed by stronger gains, but investors should watch closely in the weeks after November 3.

Bitcoin's price movements are often linked to its internal supply cycles rather than external events like US midterm elections. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 23, 2026 17:51 WIB: out of 50 major cryptocurrencies, 25 rose and 23 fell today. Notable movers include CRV with a price of Rp6.582 and a 1-day change of -2.46% and a typical hold time of 62 days, Kusama (KSM) at Rp72.936 with a +2.42% change and 80 days hold time, and Basic Attention Token (BAT) at Rp3.150 with a +2.35% change and 93 days hold time. Pluang order activity shows strong selling pressure on CRV (91% Sell) and strong buying interest on KSM (100% Buy).

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