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Bernstein Research: Trump's potential victory may stimulate BTC to bottom out and rebound

2024-08-19 16:42
Odaily News Bernstein Research released a report saying that the cryptocurrency market, especially Bitcoin, may undergo a major shift depending on the results of the upcoming US presidential election. Analysis shows that Donald Trump's potential victory may catalyze the bottoming out of Bitcoin prices, leading to an increase in the prices of major cryptocurrencies. The report pointed out that Bitcoin prices will only bottom out and rebound when the crypto market becomes interested in Trump's possible victory, because the crypto market continues to interpret the Republican victory as a favorable factor for crypto policy. (Decrypt)