Republicans look poised to take control of Congress in Tuesday's midterm elections. Here's how some crypto traders and analysts think crypto assets will react. HeleneBraunn reports
in June that inflation started rising because of COVID-19, oil prices and food prices, and"not because of anything Mr. Biden did."
Most people who want jobs have plenty of options, but rising short-term U.S. Treasury bond yields and a struggling stock market could point toward more tumultuous times ahead – especially with Federal Reserve officials signaling recently that they may have to double down on monetary tightening. “Economic priorities and inflation have returned as the core political issues defining the last stretch of the race,” researchers at investment bank and financial services company Raymond James & Associates wrote in a note.
As a result, financial markets, including crypto assets, will likely see some volatility this week as traders monitor the results starting with exit polls on Tuesday night. CoinDesk spoke with a few analysts and traders and compiled some of their key thoughts and predictions on the midterm elections.: “A win by the Republican Party would be considered positive for crypto on two different fronts. First, a split leadership is considered to be positive for the markets as the fear of legislation through reconciliation dissipates, and there will be more debate on fiscal policy moving forward.
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