With the upcoming US presidential election, investors are closely monitoring the potential impact on the cryptocurrency market. According to experts, the outcome of the election could have significant consequences for popular cryptocurrencies like Solana (SOL), Bitcoin (BTC), and Ethereum (ETH).
Analyst Thielen predicts that if Harris wins, the likelihood of cryptocurrency exchange-traded funds (ETFs) getting approved may decrease. This could lead to a 15% drop in Solana, while Bitcoin might experience a more limited decline of around 9%. On the other hand, a Trump victory could see SOL, BTC, and ETH rise by around 5%.
Investors are advised to stay informed and be prepared for potential market fluctuations based on the election results. The cryptocurrency market is known for its volatility, and political events such as the US presidential election can have a significant impact on prices.
