Amid the surge in polls in favor of former President and Republican candidate Donald Trump over Vice President Kamala Harris, expectations for a further recovery of the Bitcoin price soared, but the rally seen in late September and the first weeks of October has faded, with experts attributing it to tightening financial conditions that could affect the broader crypto market. How Trump’s Campaign And Rising Yields Impact Bitcoin Price According to a recent Bloomberg report, Bitcoin’s association with Trump is becoming more pronounced as global markets react to his potential return to the White House. Nonetheless, the financial landscape is shifting, with rising bond yields and a strengthening dollar coinciding with Trump’s lead in prediction markets. Experts anticipate that a Trump victory could usher in a pro-growth economic agenda, thereby tightening monetary policy. Related Reading: Bitcoin MACD Turns Bullish Since 2023: Predictions Of Cycle Top And Next Bear Market Bottom Market analysts, such as Tony Sycamore from IG Australia Pty, emphasize that the current selloff in stocks and a stronger US dollar and rising yi ..
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