If the market linked crypto prices directly to Republican win odds, the dots in the chart above would form an upward-sloping 45-degree line. Conversely, a direct link to Democratic win odds would show a similar, but downward-sloping, line. Instead, we see a scattered cloud of dots, indicating no clear, consistent trend between election outcomes and crypto prices so far.
Source: https://www.coindesk.com/markets/2024/10/02/crypto-at-a-pivotal-moment/?utm_medium=referral&utm_source=rss&utm_campaign=headlines