Analysis: Trump deal brings obstacles to cryptocurrencies, Bitcoin's rally cools

as Trump leads Harris in the prediction market, US bond yields and the dollar have recently risen sharply. Investors are suppressing bets on loose monetary policy because if Trump wins the election, he will implement growth-promoting measures for the already strong US economy. With the relative tightening of the financial environment, Bitcoin has seen its first weekly decline in three weeks. IG Australia market analyst said that stock market sell-offs, dollar gains, and rising yields all mean a tightening financial environment, which is not good for cryptocurrencies. Some people will point out that the financial environment was loose from the beginning, but more importantly, the speed of tightening. The co-founder of Orbit Markets, a provider of digital asset derivative trading liquidity, said that if Trump wins, it may lead to higher US bond yields and ultimately have a negative impact on risk assets. However, the expected softening of Trump's government's regulation of the cryptocurrency industry should still be the more important factor.