đŁBitcoinâs Drop Blamed on Kamala Harris
Analysts at Bernstein attribute Bitcoinâs recent decline to the rising chances of Kamala Harris winning the upcoming U.S. presidential election. On August 9, Bitcoin briefly surpassed $62,000 but quickly fell back to $59,000.
Bernstein suggests that the market views Trumpâs victory as positive for crypto, while Harrisâ potential win is seen as bearish, with concerns over her unclear stance on the industry. A Harris presidency could bring significant regulatory challenges, according to the analysts.
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