Many in the crypto industry back pro-Bitcoin candidate Pierre Poilievre, who has an 89% chance of winning Canada’s upcoming election, according to Polymarket.
The incoming Trump administration’s crypto regulations and the US Federal Reserve’s monetary policy path remain the biggest factors influencing Bitcoin’s price trajectory.
Bitcoin’s price may not experience significant downward movement in the short term, as sell-offs on crypto exchanges are “shrinking at a rapid pace,” Bitfinex...