Reported about 1 month ago
Bitcoin's recent rally is being affected by shifting global market conditions as Donald Trump's prominence in the election race raises concerns over tighter financial conditions. While Bitcoin has seen a significant year-to-date gain, uncertainty about Trump's policies may temper enthusiasm for crypto. Analysts suggest that a potential victory for Trump could lead to higher yields, impacting risk assets negatively, although his favorable stance towards the crypto industry could provide some relief.
Source: YAHOO