CandleFocus How Bitcoin Traders Are Playing the US Election
2024-11-05
Author: Content Editor
The outcome of the US presidential election between former President Donald Trump and Vice President Kamala Harris could have significant implications for the crypto industry, including potential changes at the Securities and Exchange Commission (SEC) and the passage of regulatory frameworks. Analysts suggest that the results of Senate races are even more important for the future outlook of the crypto industry, as the Senate has the authority to approve presidential appointees and would likely collaborate with Republicans if they gain control. Traders are closely watching Bitcoin's price, which has remained resilient in the face of bearish news, with some predicting a rise to $80,000 or even $90,000. The regulatory uncertainty surrounding the election is also affecting other digital assets, such as Solana, as traders position themselves based on the potential outcomes.
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