$BTC $ETH $SOL What will happen to cryptocurrency if the Republicans win as the midterm elections approach?
Woke up from a nap to find Bitcoin at 77,000, opened my phone, and saw that today is the midterm election? Then this short-term market move is pretty clear. With the midterm elections approaching, institutions and whales are selling their assets and moving into safer, defensive assets while they wait to see how the elections go. That’s why yesterday, when the U.S. stock market opened, both U.S. stocks and major cryptocurrencies saw a sharp drop in the short term.
The Democrats currently have an edge, but they don’t have an outstanding leader who can compare with Trump. And the U.S. is a capitalist country to begin with. Trump’s presidency really did bring these capitalists a very strong economy, so there’s a good chance the Republicans will win again. (Keep in mind that Trump supports cryptocurrency and AI stocks.) So if the Republicans win, AI stocks and cryptocurrencies will see a second surge. At the current price of SOL 91, you can enter a long position; stop-loss at 88, target 100.
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