One of the reasons for the decline in the cryptocurrency market is that after the current US President Biden announced his withdrawal from the election, Vice President Harris announced her candidacy and quickly obtained $80 million in campaign funds, which positively demonstrated the strong financial strength behind her.

Harris has multiple identity buffs: female + African + Indian, and her political style is similar to Trump, both of whom are more expressive personalities.

Harris once expressed a negative view of Bitcoin, calling it the money of criminals, which will have some impact on the sentiment of the cryptocurrency market. In the election duel with Trump, her policy stance and public remarks are bound to indirectly affect the market performance of the currency circle.