The presidential election in the U.S. is capturing the attention of cryptocurrency markets, as its outcome could influence Bitcoin's price in the short term. Donald Trump, who has positioned himself as a pro-crypto candidate, could boost the market if he wins.
- National polls show a very tight race between Trump and Kamala Harris.
- Prediction markets favor Trump, with Polymarket giving him a 61% chance of victory.
- Trump promises a more friendly regulatory environment for cryptocurrencies and has criticized the current SEC chairman.
Despite the uncertainty, Bitcoin has shown resilience after past elections.