Industry: Bitcoin outlook rises after Ha Ri Su's pro-cryptocurrency comments ahead of Trump's visit

Recently, Bitcoin, which had successfully rebounded, appears to have reduced its fluctuation range and is now leveling off. In this context, US Democratic presidential candidate Kamala Hari Su spoke about supporting the cryptocurrency industry.
As a result, many analysts have predicted the possibility of further increases in Bitcoin. According to the virtual asset exchange Upbit on the 24th, as of 2:55 p.m. on the same day, the Bitcoin price was 0
Bitcoin had seen an additional surge the day before, when presidential candidate Kamala Hari Su publicly demonstrated her support for crypto assets for the first time.
On the same day, Kamala Harris said at a campaign fundraiser in New York that if she is elected president, she will encourage innovative technologies such as digital assets.
" Ha Ri Su, who has recently been leading Republican presidential candidate Donald Trump in various polls including PolyMarket, made this statement, causing a big stir in the cryptocurrency industry.
He also gave a positive outlook for the further rise of Bitcoin. According to PolyMarket's polling criteria, Democratic presidential candidate Kamala Hari Su has a 52% chance of winning, 5% more likely than candidate Trump to win.
The probability difference was 1.2%. QCP Capital, a virtual currency trading company based in Singapore, posted on its official Telegram that "Candidate Kamala Ha Ri Su has pledged to support the growth of the virtual asset industry."
"This could lead to further increases in Bitcoin," he said. Bernstein, a Wall Street investment bank, also reported through The Block that "the virtual currency community is
"We are calling for clarity and follow-up on cryptocurrency-related policies in order to change the political stance of candidate Ha Ri Su," he said. "Ha Ri Su has just mentioned support for 'digital assets,' and is the first to use virtual currency as a proxy."
However, they said, "Regardless of the election results, the institutional momentum of currently traded virtual asset spot ETFs will continue," and "U.S.
Bitcoin's bullishness is expected to continue as the Federal Reserve recently resumed its monetary easing policy, concerns about selling by various governments, concerns about the amount of Mt. Gox sold, and concerns about restructuring in the mining industry have been resolved.
According to cryptocurrency data provider Alternative.mi, the Crypto Greed/Fear Index rose 4 points from the previous day to 54 points, placing it in the "neutral" stage.
The closer the index is to 0, the closer investor sentiment is to extreme fear, while the closer it is to 100, the more extreme optimism.
According to CryptoQuant, as of today's time, the net deposit and withdrawal volume of the exchange was the average of the past seven days.
Generally, the net deposit/withdrawal volume is the amount of coins deposited in the exchange minus the amount withdrawn. In the case of a spot exchange, the lower the value, the lower the selling pressure of the coin, and the higher the chance of a coin being sold.
In the case of a commodity exchange, this is interpreted as reducing volatility risk.