Republican Sweep in U.S. Election Would be the Most Bullish Outcome for Coinbase and the Crypto Market: Citi

A potential Republican sweep of both chambers of Congress would be the most bullish result for Coinbase and crypto markets, the report said.

A Republican sweep in the upcoming U.S. election would be the most bullish result for both Coinbase and the wider crypto market, while a Harris victory and a divided Congress would likely lead to more uncertainty for the digital assets sector, Citi said in a research report on Wednesday. Still, a GOP victory in the Senate and a Democrat win in the House would still be a bullish outcome for Coinbase and crypto markets, the report said. The U.S. election will be held on Nov. 5 and results will be declared on Nov. 8.

A Harris victory and a Republican Congress would be an uncertain outcome for crypto markets, as she is yet to detail her crypto policy goals, the bank said, and a Democrat administration would likely keep many of the current agency heads to avoid potential challenges with Senate confirmation.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Buy any China dips, low sweep probability in US election good for stocks: BofABuy any China dips, low sweep probability in US election good for stocks: BofA
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »