Bitcoin facing the tremors of traditional markets

The world is watching nervously the impact of the American elections on Bitcoin. Last week, Bitcoin flirted with the peaks, brushing against a historical record before experiencing a brutal drop on Thursday.

Bitcoin’s volatility during the American elections is hardly surprising, given the close attention that crypto investors are paying to the race for the White House. Kamala Harris and Donald Trump have contrasting views on cryptocurrencies, which could influence the price of Bitcoin.

With Trump being pro-crypto and Harris perceived as more restrictive, the election outcome could directly impact Bitcoin’s value. Trump's statements favoring Bitcoin production in America and his promise to reduce regulation have made him the favored candidate among crypto investors.

On the other hand, Harris advocates for a stricter regulatory approach, which could lead to a significant shift for the crypto market.

According to analysts at JP Morgan, a Trump victory could offer a bullish momentum to Bitcoin. However, this prediction is based on projections and assumptions, and the true reaction of the markets will depend on multiple economic and geopolitical factors.

One thing is clear: crypto investors are keeping a close eye on the American election, knowing that Bitcoin’s price could fluctuate significantly based on the results.

This volatility highlights the fact that while Bitcoin is often positioned as a counterbalance to traditional markets, it still feels the pulse of global economic and political contexts. This instability may continue until the election results are announced, and perhaps even beyond, testing the resilience of investors and revealing new dimensions in the relationship between Bitcoin and American politics.