Industry Reaction : US election result impact on crypto market by Ryan Lee, Chief Analyst at Bitget Research
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Below the Industry Reaction : US election result impact on crypto market by Ryan Lee, Chief Analyst at Bitget Research
The 2024 U.S. presidential election could impact the cryptocurrency market differently in the short term and in the long term. Different candidates have varying regulatory stances on cryptocurrency, which may lead to market volatility. In the short term, if the elected candidate is supportive of crypto, it could boost market confidence and surge market price. However, in the long term, it can help in framing balanced regulation surrounding crypto to reduce market volatility.
The uncertainty surrounding the election outcome could trigger market fluctuations. Investors should closely monitor election developments and market reactions and be prepared to manage risks accordingly.
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