The prediction market indicates growing anticipation for the upcoming US presidential election, with Donald Trump leading in the odds. Polymarket data shows that the crypto community is particularly interested in a potential Trump victory, as he holds a 6% lead over Kamala Harris. The release of Harris' policy platform resulted in price changes for PolitiFi meme coins based on both candidates, with KAMA declining by 3% and STRUMP rallying by 17%. The upcoming presidential debate is seen as a significant event that could impact the crypto market, with some believing that a Trump victory could lead to a rally for Bitcoin. Additionally, Bernstein analysts predict that the outcome of the election may determine the fate of the crypto industry in the US. They suggest that a Trump win could push Bitcoin's price up to $80K-90K, while a Harris win could cause it to plummet to $40K-30K. The analysts note that Trump and his campaign appear more willing to support crypto if elected, while the Democratic party has yet to fully gain the trust of the crypto community.
- Content Editor ( fxstreet.com )
- 2024-09-10
Crypto community brace for presidential election, upcoming debate stirs attention