Trump victory may be bullish for crypto, according to Bernstein
Market sentiment suggests that a Trump election victory would be bullish for cryptocurrencies and a Harris win would be bearish, according to the report.
Crypto market sentiment indicates that a Trump election victory would be a more optimistic outcome, Bernstein said in a report. The broker notes that bitcoin weakened as Polymarket odds and polls changed in Harris' favor.
Trump supporters have called the change in odds an initial honeymoon phase, the trader said.
Market sentiment suggests that a Donald Trump victory in the US election in November would be bullish for cryptocurrency markets and a Kamala Harris victory would be bearish, Wall Street trader Bernstein said in a research report on Monday.