Dollar Slides, Bitcoin Climbs As Markets Mull Trump Win

7/19/2024 2:14:35 PM

(MENAFN- Investor Brand Network) Recent comments from Fed Chair Jerome Powell
caused the dollar to slightly decline , while cryptos experienced an uptick due to speculation that former President Donald Trump's
assassination attempt
increased his chances of reelection. Trump, known for his procrypto stance, has yet to outline specific policies for the Cryptocurrency sector.

Following the incident, betting odds for Trump's victory improved. PredictIt, an online betting platform, showed Trump's election odds climbing to 67 cents from 60 cents on last week, while Biden's odds were at 27 cents. The dollar often strengthens with“Trump trade,” which includes assets expected to do...

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