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Blame Kamala? 😐

Blame Kamala? 😐

Recent polling shifts away from Donald Trump are seen as one reason Bitcoin prices are faltering.

August 12, 2024

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📝 What you need to know

Inflation and interest rates, unemployment figures, and the yen carry trade. There are a lot of reasons the price of Bitcoin has lagged, currently trading below $60,000. But analysts at Alliance Bernstein say the recent rising prospects of Vice President Kamala Harris’ presidential campaign are a substantial factor.

Meanwhile, Democratic voters should not be counted out in the upcoming elections—at least those who hold digital assets, according to a new poll. Some are “up for grabs” as Republicans make a stronger case for crypto.

Bitcoin Price Slump Tied to Rise of Kamala Harris Over Trump, Says Bernstein

Bitcoin's latest dip may be related to traders expecting Kamala Harris to win the U.S. election over Donald Trump, Bernstein analysts said.

Democratic Crypto Voters Are Still 'Up for Grabs' This Election: Poll

As the U.S. election barrels closer, new polling suggests that some Democrats may vote with their assets in mind.

How a Sports Brand Used Fake Celebs to Pump an 'Insane' Cryptocurrency

Sports supplements company Insane Labz allegedly paid trolls to impersonate MMA celebs Dana White, Nate Diaz, and Hasbulla and pump its token.

Coinbase Urges SEC to 'Abandon' Its 'Irrational' DeFi Exchange Rule

The SEC’s move to regulate DEXs would make it functionally impossible for DeFi projects to exist in the United States, Coinbase wrote Monday.

🎓 LEARN: Getting Started with Institutional Staking

Earn a free NFT by taking our course, “Getting Started with Institutional Staking,” in partnership with Figment. Learn all about how proof of stake blockchains work, how to earn rewards through staking, and the various staking solutions available to retail and institutional investors.

💬 Quote of the Day

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“Our interpretation of current market sentiment is that a Trump win is bullish and Harris win is bearish.”

—Bernstein

🌐 From Our Hubs

🎮 GG: This Week in Crypto Games: Ubisoft's New Ethereum Game, Ronin Hacked Again

Catch up on this week’s biggest crypto and NFT gaming news and find some weekend reads in our latest roundup.

🎭 SCENE: NFTs Get the Last Word at Ashmolean’s ‘Money Talks’ Exhibition

The venerable Oxford institution’s exhibition on the history of money and art culminates with cryptocurrency and NFTs.

🤖 EMERGE: Meet the Cryonics Company Preserving Bitcoin Legend Hal Finney’s Body

Cryonicists believe the human body and organs can be frozen and unfrozen at a later date, allowing for a form of immortality.

From Our Partner

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📚 Dive Deeper

📹 WATCH: Deadrop Co-Creator Discusses ‘Shock’ of Dr. Disrespect Allegations & Future Plans

More than a month after famed gaming influencer Dr. Disrespect was dropped by Midnight Society, the studio building the first-person shooter Deadrop, the team has finally broken its silence in an exclusive interview with Decrypt’s GG.

🎓 LEARN: What Is a VPN? Protecting Your Online Privacy

Virtual Private Networks, or VPNs, are services that create a secure, encrypted connection to the internet.