"Growing uncertainty around the result of next week's U.S. presidential election could be pushing crypto lower just days after bitcoin came within a few dollars of hitting a new record high."
"Some market watchers are attributing the crypto slump to shrinking odds for a victory for crypto-friendly GOP candidate Donald Trump, whose chances of winning tumbled to just 61% on Thursday from 67% 48 hours earlier."
"Big slip-ups by both parties over the past few days have reminded people that the election is too close to call and may be event-dependent. This has re-introduced uncertainty," said Matt Hougan.
"Not everyone is convinced, however. Some analysts believe the U.S. election is only one facet of the current trends affecting the market, indicating a more complex interplay of factors."
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