If Trump wins the election, it could provide a short-term boost for the cryptocurrency market, whereas a victory for Harris might initially place downward pressure on prices. The outcome of the general election is expected to significantly impact the crypto landscape over the following months.
Looking at the long-term effects, a Trump win could lead to market fluctuations in the $92,000 to $105,000 range, potentially paving the way for record highs. On the other hand, under a Harris administration, the market might settle within a $52,000 to $72,000 range, with the potential for a gradual bull trend that could eventually push values past $102,000.
This outlook considers each candidate’s stance on inflation. Notably, Harris may favor policies that support specific interest groups with liquidity, which could shape the crypto market more significantly over time. Currently, Polymarket data suggests Trump has a 58% chance of winning, while Harris stands at 42%, although recent polling shows Harris with a slight lead. With the election outcome still uncertain, we’ll have to wait for official results to see the definitive impact on the cryptocurrency market.