As the 2024 presidential election approaches, Bitcoin (CRYPTO: BTC) finds itself in a favorable position regardless of the outcome. The election, featuring Donald Trump and Kamala Harris, presents a unique scenario for the cryptocurrency market.
What Happened: Despite the election’s proximity, the crypto market remains stable. Bitcoin’s price has fluctuated between $55,000 and $65,000 over the past three months, marking a modest 6% increase. This stability follows a spike in July when Trump was shot at a rally, boosting his election prospects, and President Joe Biden subsequently withdrew, endorsing Harris, Barron’s reported on Monday.
Brett Reeves from BitGo believes Harris’s candidacy has balanced the crypto …
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