jakiro
Author: Climber, Bitchain Vision Realm
The encryption market has become increasingly influenced by the US election. From the acceleration of Ethereum spot ETF to the recent approval to the recent encrypted market departure from the trend of US stocks, it shows that the new presidential candidates in the United States have become more and more vane for encrypted investors.
Since PolyMarket predicted that Harris’s probability of election surpassed Trump for the first time, the encryption market has begun to decline continuously.As of writing, the BTC has been explored from $ 62,000 to the $ 56,000 mark.The main reason behind it is that Harris has not been nominated so far that he has not explicitly stated his personal attitude towards encryption. As a replacement of the Biden camp, it is likely to continue the former strict regulatory policy.
As a political opponent’s opinion, Trump and Harris often meet each other. Under the pressure of the election, personal willingness will give way to votes.For example, Trump did not trust cryptocurrencies before, but now he supports Bitcoin high -profile.In contrast, Harris, at present, has led Trump on three key states, five swing states, and even Polymarket in the United States, and he has not attended the “Crypto4harris” event.Therefore, Harris may adhere to the opinions of Trump’s support.
The market falls under the fog and the retreat is frequently raised
Affected by the rising support rate of Trump after the assassination of Trump on July 13, the encrypted market ushered in a wave of rising. The BTC rose from about $ 5,7500 to $ 6,8500.In particular, Trump’s speech at the Bitcoin Conference also brought BTC to $ 70,000.
Biden nominated Harris as a Democratic presidential candidate in 2024 after the retreat on July 22, and the latter’s polls continued to rise and surpass Trump at the end of July.In addition, the US government has transferred $ 2 billion worth of BTCs, causing analysts to speculate that the Biden government will sell all Bitcoin before Trump takes office.At that time, the impact of Japan’s interest rate hikes, the encrypted market ushered in a plunge, and BTC fell from $ 70,000 to $ 49,000.
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On August 8th, the Democratic Party launched the “Harris cryptocurrency” campaign. The crypto market rebounded simultaneously, and the BTC increased by more than 10%throughout the day.However, Harris was revealed that the uncomfortable round -table meeting was not attended that day, and as Polymarket predicted that the probability of the election was equal to Trump and a significant overtaking, the crypto market once again ushered in a shocking decline.
Especially when market news revealed that when Harris led Trump in three key states and five swing states, the BTC decline was the most obvious.At present, there are media reports that Harris is absent from the “Crypto4harris” online meeting organized by Democratic Cryptocurrency supporters on August 15th. At the same time, Harris digital advertising expenditure exceeded Trump ten times.
In contrast, the US stock market has continued to rise since August 8th. At present, the Taoist Council is 40,500 points and the Nasda Index is close to 17,600 points.
Regarding the above influence, Bernstein, a brokerage company, stated in a research report that if Trump’s winning the US election will benefit the crypto market, and Harris wins.At the same time, the report also pointed out that Bitcoin weakened after supporting Harris in Polymarket’s odds and polls to support Harris.
Harris’s unknown attitude towards encryption also made investors worry about potential risks. Even Trump, some institutions said that it may not be able to take action.
Circle CEO Jeremy Allaire said that cryptocurrencies are already a issue that two parties pay attention to, but more actions need to be used to consolidate this position.In addition, he doubts the possibility of Trump’s commitment to these ideas.
The competition between Trump and Harris also indirectly caused turbulence in the encryption market, and the phenomenon of large contracts and plummeted markets have repeatedly exploded.On August 16th, the entire network explosion volume exceeded 200 million US dollars, and the entire network exceeded 200 million US dollars on August 9th.
The continuous decline has also made many blue -chip cottage coins in the increase in last year, which also made many OGs say that they have begun to suspect the correctness of entering the web3 industry and have planning to retreat.
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The well -known KOL small ears have stated that there has been a strong crisis of trust in the currency circle. At present, all currencies except Bitcoin have been removed.
The well -known trader ANSEM also said that the recent transaction performance was extremely poor, and he was seriously considering the permanent retreat.
Harris has an attitude of unresolved attitudes and hidden investment risks of political disputes
Looking back at the recent decline in the crypto market, the reason is that the reason for Harris’s selection probability and their unknown attitude towards the encryption market are inseparable.
Earlier, it was reported that the Harris campaign team was seeking to restart contact with Bitcoin and encrypted teams, such as encrypted companies such as Coinbase and Circle.However, the team claims that the establishment of re -connection with the encryption industry is not for the purpose of donation, but paving the way for reasonable supervision.
As for Harris himself, Harris did not participate in Harris himself, such as Bitcoin conference, encrypted round table meeting, “Crypto4harris” online conference.
In addition, Harris has not yet publicly promised to support the cryptocurrency industry, and it may continue the strict regulatory policy of the Bayeng government on cryptocurrencies.
Galaxy Research research director Alex Thorn has analyzed that Harris has close cooperation with key anti -cryptocurrency officials such as Brian Deese and Bharat Ramamurti.Deese has published an article on the White House website, emphasizing the risk of cryptocurrencies, and Ramamurti is considered to be the top cryptocurrency critics of the White House.Their participation implied that the Harris administration is unlikely to soften their positions in cryptocurrency policy and will continue to support strict regulatory measures to protect the security of consumers and financial systems.
And Harris’s campaign partner Waltz has clearly advocated stricter supervision of cryptocurrencies. Not long ago, he even refunded the US $ 4,000 political donation from former FTX executives.
On August 10, the Federal Reserve’s adoption of Customers Bancorp also allowed the community to question Harris’ sincerity to tried to repair the relationship with the encryption industry.
All signs show that Harris is not in a hurry to show good to the encryption market, and Harris has led Trump before the statement of the encryption market, so unless it is necessary, Harris may not urgently need funds and voters from the encryption field.support.
In contrast to fundraising funds, the Trump campaign team announced that it raised funds of US $ 138.7 million in July, but Harris raised $ 200 million in the first week of his campaign.The Trump team pointed out that as of August, their cash reserves were US $ 327 million. Considering that they were only three months left before the election, which caused them to face certain financial pressure.
On the other hand, as a political opponent, Trump and Harris often attack each other and have different political claims.For example, on August 10, Harris said that the Fed’s actions should be independent of the president.But before Trump said that if he was elected, he would seek monetary policy that influenced the United States.
That is to say, in terms of the attitude towards cryptocurrencies, Harris is likely to sing against Trump and continue to strengthen the supervision of the crypto market.And this is also the potential risk that many institutions and ordinary investors are worried about.
At this stage, the battle between Trump and Harris did increase the uncertainty of the crypto market.But the good news is that the topics and news around the “Harris Everbright Friendship” are increasing, especially both of them have some encrypted and friendly rumors or moves.
Harris aspect:
On August 15th, the Circle CEO said that the Harris campaign team is actively contacting the encryption industry, and mentioned that the Harris campaign representatives at the previous crypto round table attended.
On August 8, the Democratic Party launched the “Crypto For Harris” campaign.The event aims to attract 40 million U.S. voters with digital assets and show that the Democratic Party’s position in promoting the blockchain and cryptocurrency industry.
On August 1st, Harris team was exposed to people from encrypted companies such as COINBASE, Circle and Ripple Labs to soothe the tension between the Democratic Party and the encryption industry.
It is also reported that Harris’s husband is also a “cryptocurrency enthusiast.”
Trump:
Trump has repeatedly criticized cryptocurrencies during the harvest term, calling it “not money”, “air -based pavilion” and “may promote illegal behavior”, and believes that Bitcoin is a “scam.”However, in this year’s US presidential campaign, attitudes have changed by 180 °.
Trump’s representative declaration and commitment to the crypto market include: if he was elected again, he would replace Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), who criticized cryptocurrencies.Bitcoin, keeping the United States a leading position in the field of cryptocurrencies.
And Trump’s official store supports Bitcoin payment, including shoes and perfumes.
In addition, Trump’s eldest son Donald Trump Jr. once said that Bitcoin was a means of hedge inflation and autocratic government, and recently announced the opening of the Telegram channel “The Defiant Ones”, and he will also launch an encrypted project.
Trump’s second son Eric Trump said that he is about to launch an encrypted project with “digital real estate”, and he has posted that he really fell in love with cryptocurrency/DEFI.
Conclusion
At this stage, the increasingly fierce competition in US presidents, Trump and Harris’s upcoming debate has also made the prospects of the crypto market dull.In particular, Harris has never expressed his statement about the encryption market, which has made many investors choose to wait and see.Once the encryption supervision is rigorous, it is obvious that the risk is higher than the opportunity for the market fluctuations.
