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Bitcoin's Election Spread
Published on Sept 9, 2024

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NEED TO KNOW
Bitcoin Bitcoin ETFs Bleed
  1. 😬 Bitcoin ETFs See Their Longest String of Net Outflows. US-listed spot BTC ETFs bled $1.2 billion last week.
  2. 🇺🇸 Democrats Ignore Crypto in Latest Tech Policy Push. While crypto increasingly pins market resurgence hopes on election results, Democrats aren't engaging.
  3. 🐰 Friend.Tech Devs Abandon Once-Hot SocialFi Platform. All of a sudden, 2023's hottest crypto social app appears to be dead.

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MARKET VIBES
Election Spread

📸 Daily Market Snapshot: With Harris and Trump set for their first debate tomorrow, Crypto is increasingly seeing the election toss-up as a pivotal moment for crypto markets. The brokerage firm Bernstein predicts a Trump win could take BTC as high as $90K and a Harris win could bring the asset as low as $30K. It's a bold prediction but mirrors a lack of effort from Harris to distance herself from Biden admin crypto policy.

Prices as of 6pm ET 24hr 7d
Crypto $2.03T ↗ 4.5% ↘ 3.0%
BTC $57,367 ↗ 5.7% ↘ 3.0%
ETH $2,360 ↗ 2.0% ↘ 7.2%
MPLX $0.258 ↗ 5.3% ↘ 5.7%

🎮
New Token Rating: Crypto funds have purchased MPLX, the native token in Solana’s premier NFT program. Should you be following in their footsteps?
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TACTIC
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Not financial or tax advice. Bankless content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time we may add links in this newsletter to products we use. We may receive commission if you make a purchase through one of these links. Additionally, the Bankless team hold crypto assets. See our investment disclosures here.

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Not financial or tax advice. Bankless content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time we may add links in this newsletter to products we use. We may receive commission if you make a purchase through one of these links. Additionally, the Bankless team hold crypto assets. See our investment disclosures here.

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