This round of price correction may be triggered by the decline in Trump's election approval ratings.

　　Trump envisions the United States becoming the global center for cryptocurrency, while Harris promises to support the industry's regulatory framework in a robust manner. These two positions stand in stark contrast to the current administration of President Joe Biden, which has taken a hard stance against the industry.

　　As pro-crypto Republican candidate Donald Trump's odds of winning in the betting market decline, the momentum of Bitcoin hitting record highs is weakening.

　　Earlier this week, Trump had a significant lead in the prediction market, while Bitcoin was only slightly more than 100 points away from its historical peak at that time.