Investing.com — Bitcoin has become a focal point of the US presidential campaign. Following the shift in Polymarket odds and polling in Harris’s favor, the original cryptocurrency has been trading in a range, recently touching $61,000 before dropping back to around $58,000.
Bernstein analysts expect that the market will remain range-bound until the election picture becomes clearer, possibly closer to the Presidential debates.
As for the crypto markets, Bernstein interprets the current sentiment as bullish for Trump and bearish for Harris.
“The Trump-led Republican side has made a strong pitch to crypto voters, promising favorable policies and even hinting at a national Bitcoin reserve,” the report stated. In contrast, while some Democrats have supported crypto, the broader community remains cautious, seeking more concrete actions amid ongoing regulatory challenges.
The broker is also interested…
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