But not everyone is convinced. Quinn Thompson, founder of crypto hedge fund Wrecker Capital, told CoinDesk that the US election is just one aspect of the current trading environment. He said traders were also keeping an eye on tech company earnings, ongoing tensions between Iran and Israel and a jump in British gold yields following the government's budget earlier this week.
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Increased uncertainty and profit-taking causes cryptocurrencies to fall along with President Trump's winning odds in Polymarket
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