On Monday (September 23), Bitcoin surged by more than $2,500, reaching a high of $64,741. U.S. Vice President and Democratic presidential candidate Kamala Harris expressed support for cryptocurrency innovation for the first time, stimulating her chances of winning the U.S. November election to rise to 52%, and began to distance herself from former U.S. President and Republican presidential candidate Donald Trump.
Harris made her first comment on cryptocurrency at a Wall Street fundraiser. She said: "To build an opportunity economy, I will bring together workers, small businesses, founders, innovators and large companies. We will work together to invest in America's competitiveness, invest in America's competitiveness, and invest in America's future. We will encourage innovative technologies such as artificial intelligence (AI) and digital assets, while protecting consumers and investors. We will create a safe business environment with consistent and transparent rules."
The fundraiser is Harris' last chance to speak in person in New York before the presidential election in November. Sources revealed that tickets for the event were in great demand, starting at $500 and later rising to $100. Reuters previously pointed out that Harris plans to launch a series of new economic policies this week, with the goal of helping Americans accumulate wealth and creating economic incentives for businesses. But as of now, there are few specific details, and it is unclear whether cryptocurrencies will be mentioned.
After Harris made her first statement, data from Polymarket, a large cryptocurrency betting platform, showed that her November winning rate had reached 52%, beginning to distance herself from Trump's 47%.
Harris’ support for digital assets comes at a critical time in the legal battle between cryptocurrency companies and the U.S. Securities and Exchange Commission (SEC), which may still appeal the ruling in the Ripple case.
FXEmpire said that the SEC's appeal of the Ripple case ruling could overshadow Harris' efforts to win votes for cryptocurrency. The decision to appeal or not to appeal could indicate the Democratic Party's position on cryptocurrency regulation ahead of the U.S. presidential election.
The SEC will be in the spotlight on Tuesday, with all five of the regulator’s members expected to testify before the U.S. House Financial Services Committee. The hearing will draw more attention than usual, and SEC Chairman Gary Gensler’s stance on cryptocurrencies is likely to come under scrutiny following Harris’ comments.
In a recent interview, Trump said that if he loses the election in November, he may not run again in 2028. This statement has also aroused outside attention on the future direction of the Republican Party.
He said: "No, I don't think I will. I think that's it. I don't think I will run again at all."
Trump was born in 1946 and is now 78 years old. If he runs again in 2028, he will be 82 years old, older than Biden, who is 81 years old.
He announced on Sunday that he would officially issue Trump Coins with a face value of $100, saying that this is the only official coin designed by him. The move is aimed at raising campaign funds to fight against Harris and actively prepare for the November presidential election.
But it is worth noting that in his live broadcast last week, he did not provide more signals for his family's decentralized finance (DeFi) project World Liberty Financial (WLFI), which led to general disappointment in the cryptocurrency market.
Bitcoin Technical Analysis
FXEmpire analyst Bob Mason said Bitcoin remains well above the 50-day and 200-day EMAs, sending a bullish price signal.
A breakout above the $64,000 resistance could propel the bulls towards $67,500 and above $67,500 could bring the $69,000 resistance into play.
Conversely, a break below $62,500 might open the way for the bears to attack at the 50-day EMA and the $60,365 support level. Buying pressure is likely to intensify at the $60,365 support level. The 50-day EMA is converging with the support level.
With a 14-day RSI reading of 64.01, Bitcoin could climb to $65,000 before entering overbought territory.
