Potential Trump Victory Could Stir Bitcoin Market, Bernstein Analysts Predict — Implications For These Seven Crypto Stocks Outlined

Benzinga00:03 ET

Bitcoin ETF has seen inflow of funds for four consecutive weeks, and the market is waiting for Trump's speech at the heavyweight cryptos conference this week.

Bitcoin ETF has received inflow of funds for the fourth consecutive week, with a total inflow of more than $3.1 billion in four weeks. Harris has not publicly commented on her views on cryptos, but if her position is similar to Biden's, traders may continue to believe that Trump is more favorable to the industry. Media reports suggest that Trump may propose to list bitcoin as a strategic reserve asset at this week's bitcoin conference.

wallstreetcn19:07 ET

What does Biden's withdrawal mean for the global financial markets?

USA current President Joe Biden announced that he will not seek re-election, and supports Vice President Kamala Harris as the Democratic candidate. This news was released at a critical moment less than four months before the November election, which may exacerbate the instability of Wall Street.

Zhitong FinanceJul 22 03:08 ET

Biden's withdrawal leads to bullish sentiment in the cryptocurrency market! Crypto may become the biggest winner of the "Trump trade".

If Trump takes office again, those bitcoin miners and crypto companies that have been blocked from listing in the US may become big winners in the digital asset field.

Zhitong FinanceJul 21 21:59 ET

NASDAQ is experiencing a major correction, where can you hide? The Dow Jones, gold, and US bonds are all falling, but bitcoin remains 'strong'.

Market style has changed due to factors such as improved prospects for Trump's campaign and increased expectations for interest rate cuts.

wallstreetcnJul 20 04:58 ET

Core Scientific Analyst Emphasizes 'Access To Power' In Bitcoin Mining Assets - Deal With CoreWeave Under Focus

BenzingaJul 17 14:19 ET