Bitcoin averages 53.9% over one year… three counts after midterm elections

Bitcoin has averaged a 53.9% gain in the 12 months following U.S. midterm elections, based on the three prior cycles in 2014, 2018 and 2022, according to 10x Research. The firm noted the path is uneven: BTC fell 13.6% a month after past midterms, dropped 21.6% after two months and 13.3% after four months, before turning positive with a 3.5% gain at six months. For comparison, 10x Research's midterm report put average 12-month post-election returns at 14.3% for the S&P 500, 23.1% for the Nasdaq and 18.5% for gold. This year's midterms were held on Nov. 3, making the historical sample the main reference point for crypto traders. What to watch next is whether bitcoin repeats the early post-election drawdown pattern seen in prior cycles before any 12-month gain materializes.