Cryptocurrency

Donald Trump

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/donald-trump-influences-cryptocurrency-markets-positively/" data-wpel-link="internal">Donald Trump Influences Cryptocurrency Markets Positively</a><br></p>
<p style="text-align: justify">Donald Trump winning the US elections could positively impact cryptocurrency markets, according to Wall Street broker Bernstein. In this context, it was noted that <a href="https://en.coin-turk.com/microstrategy-buys-12000-bitcoins-sp-500-and-dxy-analysis/" data-wpel-link="internal">Bitcoin</a> weakened against polls and Polymarket odds favoring Harris. However, Trump’s positive approach to crypto policies promises hope for the markets.</p> 
<h2 style="text-align: justify" id="how-can-the-cryptocurrency-market-revive">How Can the Cryptocurrency Market Revive?</h2> 
<p style="text-align: justify">There is an expectation that Donald Trump winning the US elections in November could positively impact cryptocurrency markets. Bernstein, one of Wall Street’s leading brokers, addressed this situation in a report. The report indicates that if market sentiment shifts in favor of Trump, cryptocurrencies could experience a rise. On the other hand, a victory for Kamala Harris could have the opposite effect and cause a market decline.</p> 
<p style="text-align: justify">According to Bernstein’s analysis, changing odds and poll results in favor of Harris on prediction platforms like Polymarket caused Bitcoin to weaken. However, it is stated that this situation occurred during a period of uncertainty as the markets have not yet received a clear election signal. Bitcoin is expected to continue trading within a narrow range until the election results are clear.</p> 
<h2 style="text-align: justify" id="trump-s-statements-are-extremely-positive">Trump’s Statements Are Extremely Positive</h2> 
<p style="text-align: justify">Trump’s side is drawing attention with highly impactful crypto policies during this process. The former president promised to follow a positive policy towards Bitcoin and crypto innovation, interacting with many companies in the sector. Additionally, he brought up the idea of creating a national Bitcoin reserve.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-379663 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/bitcoin-15.jpg" alt="" width="740" height="415"></p> 
<p style="text-align: justify">In a speech at the Bitcoin Conference in Nashville, Trump promised that the government would never sell the Bitcoins it holds. Such promises sparked great interest among cryptocurrency <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> and strengthened the expectation that a possible Trump victory could create a positive wind in the markets.</p> 
<h2 style="text-align: justify" id="manipulation-allegations-in-polymarket-odds">Manipulation Allegations in Polymarket Odds</h2> 
<p style="text-align: justify">However, the Polymarket odds turning in favor of Harris are being called a “honeymoon period” by some Trump supporters, who claim these odds could be open to manipulation. Polymarket is known as a prediction market that allows people to bet on the outcomes of future events.</p> 
<p style="text-align: justify">The impact of the US elections on cryptocurrency markets is being closely watched by investors and market participants. Whether Trump’s crypto-friendly policies will result in a victory will become clear in the coming months, and this will be a significant factor determining the <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener" data-wpel-link="exclude">future direction</a> of the markets.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/donald-trump-influences-cryptocurrency-markets-positively/" data-wpel-link="internal">Donald Trump Influences Cryptocurrency Markets Positively</a></h5>
<p>The post <a href="https://en.coin-turk.com/donald-trump-influences-cryptocurrency-markets-positively/" data-wpel-link="internal">Donald Trump Influences Cryptocurrency Markets Positively</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Donald Trump Influences Cryptocurrency Markets Positively

Table of Contents

COINTURK NEWS

Other articles published on Aug 14, 2024

WebX 2024 in JAPAN: A Two-Day Gathering of Companies Venturing Into Web3, Led by the Anime Industry

Lido Finance Ventures Beyond Ethereum, Expands to BNB Chain

Bitcoin Price Rises Due to Increased Stablecoin Inflows

MetaMask announces crypto debit card, partnership with Mastercard and Baanx

Crypto Trading Platform ezBtc Allegedly Diverted $9.5M Customer Funds to Gambling Sites

Ethereum layer 2s push gas fees to single-digit four-year lows

Join our free newsletter for daily crypto updates!