Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Big day for crypto traders. The day of US elections today and market sentiment is reacting to the potential outcomes. Recently, Kamala Harris’ odds have risen, leading investors to speculate that if she wins, the market, especially crypto, might be negatively impacted due to stricter regulations. Historically, US elections have had a positive impact on markets, but this time, the sentiment is more cautious, especially with Trump’s pro-crypto stance. In 2023, the SEC declared many altcoins as securities, causing large investors to pull money out, leading to a sharp market decline. If Trump wins, that money could flow back into the market, possibly boosting altcoins. If Kamala Harris wins, we might see tougher regulations, especially on altcoins.
Currently, there's a large amount of betting on Trump winning, and Bitcoin has seen a significant inflow into exchanges, which typically signals potential sell-offs. However, if Trump wins, Bitcoin could flow out of exchanges, driving the market up. Whether Trump or Harris wins, liquidity will likely increase, but stricter regulations under Harris could hurt altcoins. The market is volatile, so it's wise to avoid leverage positions and stay cautious about news-driven price swings. Overall exiting days are ahead. So keep an eye on crypto market for next few months because this bullrun will be game changing for many of us. That's it for today. Here's the latest update video of crypto market. Thanks & have a good day!!
