The US Presidential election is anticipated to have a substantial impact on global markets, with the cryptocurrency sector standing as no exception. Traders, analysts, and crypto enthusiasts worldwide closely monitor the US, where shifting attitudes toward digital assets make a difference.
In a recent report, on-chain analytics platform Santiment explored the connection between the most important US political event and crypto market movements. With results expected in days, here’s a look back at the crypto market reactions during the last two US presidential election cycles.
How Did US Elections Impact Crypto During Past Cycles
Analysts expect a close race in the 2024 US presidential election and predict a prolonged counting period. Given the tight competition, multiple days may pass after Election Day on Nov. 5 before the final results are confirmed and the next president is publicly announced.
In past elections, markets have reacted swiftly to presidential outcomes. Officials announced Joe Biden’s victory in 2020 four days after Election Day, triggering positive trends despite ongoing global economic turbulence from COVID-19.
While the election influenced market movements, some argue that a bull run was already on the horizon as the international community focused on economic recovery and pandemic response.
Crypto Market Dynamics in November 2016. Source: Santiment
After Donald Trump’s 2016 victory, the crypto market saw a minor five-day retrace, with Bitcoin and altcoins dipping before quickly rebounding from the initial volatility. Cryptocurrency markets are famously volatile, and election cycles tend to amplify this effect.
In 2020, Joe Biden’s win fueled optimism for stimulus-driven policies and potentially more lenient monetary practices, leading to a surge in crypto prices. The brief dip and swift recovery in 2016, contrasted with the post-election rally in 2020, highlight how political shifts can significantly impact market trends.
As a result, the announcement of Joe Biden’s victory in the 2020 election was far more positive for crypto, and markets reacted almost instantly after the news broke.
Crypto Market Dynamics in November 2020. Source: Santiment
The 2024 election is expected to bring significant price fluctuations in crypto markets, driven by the incoming administration’s stance on regulation and policy. Both major presidential candidates have outlined their views on cryptocurrency, offering a glimpse into the potential direction of US digital asset policy in the years ahead.
Candidate Positions on Cryptocurrency: Trump vs. Harris
Donald Trump
Cryptocurrency enthusiasts widely view Trump’s proposals as more favorable due to his emphasis on industry-friendly policies and his family’s active involvement in digital assets. The crypto community has largely responded positively to his proposals, which many view as encouraging to market growth:
National Bitcoin Reserve: Trump proposed creating a national bitcoin stockpile at the Bitcoin 2024 conference in July, aimed at establishing the US as a cryptocurrency frontrunner.
Crypto-Friendly Regulatory Policies: Trump has pledged to create a presidential advisory council on cryptocurrency, aiming to develop clear, favorable regulations.
SEC Leadership Overhaul: Trump has stated he would replace SEC Chair Gary Gensler, aiming for a regulatory shift he describes as more favorable to digital assets.
Family Ventures in Crypto: Trump’s sons, Donald Trump Jr. and Eric Trump, recently launched World Liberty Financial, a cryptocurrency exchange, underscoring the family’s involvement in the industry.
Kamala Harris
Harris, though supportive, emphasizes consumer protection, which some in the crypto space interpret as less conducive to industry expansion:
Support for Innovation in Digital Assets: Harris has voiced support for digital assets and AI, emphasizing the need to foster innovation while protecting consumers.
Framework for Regulatory Clarity: Harris proposed a regulatory framework for digital assets in October 2024, focusing on investor protections and transparent guidelines.
Blockchain’s Potential: Harris has acknowledged blockchain technology’s potential, calling for balanced regulations that support innovation without compromising consumer safety.
Engagement with Industry Leaders: Harris has engaged in dialogue with cryptocurrency leaders throughout 2024, signaling her openness to digital innovations while maintaining regulatory standards.
These differing approaches have resulted in a significantly higher volume of mentions around Trump’s crypto discussions and policies compared to Harris’s, reflecting the community’s heightened interest in his approach.
Mention Rate Trump vs. Harris, 2024. Source: Santiment
On Polymarket, prediction rates show higher support for Trump over Harris among the crypto community, though Harris has recently closed the gap, making it a closer race.
Regardless of who wins the 2024 election, the cryptocurrency sector anticipates continued growth and evolving regulatory frameworks as the new administration steps in. The crypto community will closely observe how the incoming administration navigates the rise of digital assets, balancing the drive for innovation with regulatory safeguards.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Welcome to the US Morning Crypto Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to see how Bitcoin is holding its ground while Wall Street stumbles, why Trump’s tariffs may push the Fed into money-printing mode, and what that could mean for crypto’s next chapter. From Ethereum’s test of resilience to rising odds of a US recession, here’s everything you need to know to stay ahead.
Bitcoin Enters Its Risk-Dynamic Era Amid Tariffs and Turmoil
Bitcoin’s reaction to recent macro shocks—particularly Trump’s sweeping tariffs—has been noticeably calm compared to traditional markets, and that’s turning heads. While Wall Street stumbles harder than expected, crypto has held relatively steady.
Nexo Dispatch Editor Stella Zlatarev told BeInCrypto that this isn’t just resilience—it’s evidence that Bitcoin may be entering a new phase of market maturity.
“A 2–3% drop in crypto is a rounding error compared to past cycles,” she said, emphasizing that this stability amid chaos suggests Bitcoin is no longer just a speculative punt. “Bitcoin’s ability to weather macro turbulence without the wild swings of previous years suggests institutional investors are treating it less as a speculative punt and more as a strategic asset,” Zlatarev said.
“It’s not gold, and it’s not the yen. Instead, Bitcoin is emerging as a risk-dynamic asset – one that doesn’t crumble like high-growth stocks but also doesn’t attract the same flight-to-safety flows as traditional safe havens,” Zlatarev told BeInCrypto.
This concept of a “risk-dynamic” asset positions Bitcoin in a unique role: something that thrives in uncertainty but doesn’t collapse when the market turns.
Zlatarev from Nexo also noted that how Ethereum and other blue-chip altcoins respond next will be key.
“If ETH mirrors BTC’s performance, it strengthens the case that top-tier crypto assets are evolving into a more predictable asset class. If ETH wobbles, it reinforces that, for now, Bitcoin is in a league of its own.”
Meanwhile, the macro backdrop is shifting fast. Trump’s new “Liberation Day” tariffs have spooked global trade partners and have also sent ripple effects through prediction markets. Polymarket now gives almost 50% odds of a US recession this year—a major shift following the announcement.
Also, CME FedWatch tool shows interest rate traders have boosted the probability the US Federal Reserve will make four rate cuts this year. Eventually, this could relief the current macroeconomic pressure on Bitcoin.
Target Rate Probabilities for the Next Fed Meeting on May 7. Source: CME Group
Former BitMex CEO Arthur Hayes mentioned that Trump’s current tariff strategy could complicate the US bond market. In other words, pressure is building for the Fed to intervene—possibly by turning on the liquidity spigot once again.
Trump’s tariff formula is further evidence he is laser focused on reversing these imbalances. The problem for treasuries is that without $ exports foreigners can’t buy bonds. The Fed and banking system must step up to ensure a well functioning treasury mrkt, which means Brrrr. pic.twitter.com/doGPAaRfAl
All of this puts Bitcoin in a new spotlight. Its steadiness is no longer being dismissed as a coincidence. It may be the first sign that crypto, or at least its most mature players, is stepping out of the shadows of speculation and into the spotlight of strategic finance.
Chart of the Day
Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for the United States. Source: FRED St-Louis.
By reducing foreign demand for US Treasuries, Trump’s tariffs may force the Fed to inject more liquidity—potentially weakening the dollar and boosting Bitcoin as an alternative store of value.
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Coinbase, one of the leading cryptocurrency exchanges, has announced the addition of Reserve Rights (RSR) to its listing roadmap, signaling a strategic move to broaden its offerings.
This coincides with the exchange’s decision to list Definitive (EDGE), which has already sparked significant market activity.
The addition of RSR to Coinbase’s listing roadmap has caught considerable attention, partly due to its association with Paul Atkins, President Donald Trump’s nominee for SEC Chair.
According to the latest data, it was trading at $0.006. This reflected a 1.2% increase over the past 24 hours.
However, the token has gained strong community support. CoinMarketCap data showed a 91.6% bullish sentiment among users. This indicated increased user confidence in its potential.
EDGE Sees Triple-Digit Rally Post Coinbase Listing
While RSR’s price showed only small gains, the EDGE token’s reaction has been much more dramatic. Coinbase revealed via X that it would list the Definitive platform’s utility token, EDGE.
“Trading will begin later today if liquidity conditions are met. Once sufficient supply of this asset is established trading on our EDGE-USD trading pair will launch in phases. Support for EDGE may be restricted in some supported jurisdictions,” the announcement read.
“The Experimental asset label will not impact your ability to send, receive, buy, sell and/or hold assets on Coinbase. However, we do ask you to read and confirm you understand the risks involved, such as price swings and canceled orders, before trading an experimental asset for the first time,” the blog reads.
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
On April 3, Binance announced that it would add a new set of tokens to its monitoring list. These tokens are under closer scrutiny and may face delisting following the upcoming review period.
This move follows the exchange’s aims to increase transparency while offering more clarity regarding the risk levels associated with different cryptocurrencies.
10 Altcoins in Danger of Binance Delisting
As part of this update, the following tokens will be added to the Monitoring Tag list: Ardor (ARDR), Biswap (BSW), Flamingo (FLM), LTO Network (LTO), NKN (NKN), PlayDapp (PDA), Perpetual Protocol (PERP), Viberate (VIB), Voxies (VOXEL) and Wing Finance (WING).
Tokens added to the Monitoring Tag exhibit notably higher volatility and risk compared to other listed tokens. Binance will closely monitor these tokens, with regular reviews to assess their compliance with the platform’s listing criteria.
“Tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform,” Binance said.
Following the announcement, the prices of the mentioned altcoins plummeted by double-digits.
In addition to the new Monitoring Tag additions, Binance will also remove the Seed Tag from Jupiter (JUP), Starknet (STRK), and Toncoin (TON).
Tokens marked with the Seed Tag are those that are still in their early stages of development and have not yet met Binance’s full listing criteria. The removal of the Seed Tag indicates a change in the status of these projects. This suggests that they no longer fit the initial criteria for such a label.
Tokens with the Monitoring Tag or Seed Tag come with inherent risks. Binance ensures that users are well-informed before trading them. To access trading for these tokens, users must pass a risk awareness quiz every 90 days.
The quiz makes sure that users understand the potential risks associated with trading higher-risk tokens. Binance will also display a risk warning banner for these tokens on its Spot and Margin platforms.
Binance will continue to conduct periodic reviews of tokens with the Monitoring Tag and Seed Tag. During these reviews, several factors are taken into account. This includes the project team’s commitment, development activity, token liquidity, and community engagement.
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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