According to ChainCatcher, CoinDesk reported that a research report from Bernstein pointed out that if Trump wins the US election in November, it will be good for the cryptocurrency market, while Harris' victory will be bad for the market.

The report pointed out that Bitcoin has weakened after Polymarket odds and polls turned to support Harris, and it is expected that Bitcoin will remain in a range before the election situation becomes clear. Trump promised to provide favorable support for Bitcoin and crypto innovation in his policies, and even mentioned the possibility of establishing a national Bitcoin reserve.