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News Explorer — Kamala Harris Rise Could Be Hurting Bitcoin Price: Bernstein

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Aug 12, 5:48 pm

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Kamala Harris Rise Could Be Hurting Bitcoin Price: Bernstein

Analysts at Bernstein suggest that growing excitement over Kamala Harris' presidential campaign may be contributing to Bitcoin's recent price decline. The report highlights the lack of clarity on Harris' stance towards digital asset regulation and the broader approach of Democrats towards crypto as bearish signs for the market. The popularity of the Polymarket prediction platform, which runs on Ethereum's Polygon network, has surged during the U.S. election cycle, making the outcome of the election a significant factor for crypto prices.

Analysts at Bernstein suggest that growing excitement over Kamala Harris' presidential campaign may be contributing to Bitcoin's recent price decline. The report highlights the lack of clarity on Harris' stance towards digital asset regulation and the broader approach of Democrats towards crypto as bearish signs for the market. The popularity of the Polymarket prediction platform, which runs on Ethereum's Polygon network, has surged during the U.S. election cycle, making the outcome of the election a significant factor for crypto prices.

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