Cryptocurrency Markets Are Up as a Policy Adviser to Kamala Harris' Campaign Stated That She Will Back Any Measures to Assist in Digital Assets' Growth

Notable Developments: Top Gainers: Trader Notes: Crypto trader TradeButWhy noted that despite the three weeks since dump, his confidence has increased:

Cryptocurrency markets are rallying on Friday after a policy adviser to Kamala Harris’ campaign stated that the vice president will back any measures to assist in digital assets’ growth.

The response came when asked about Harris’ efforts to engage the crypto community, as reported by The Terminal on Friday.

What Happened: Harris will support efforts to help grow the crypto industry, according to an aide to her campaign.

The Terminal, a financial news service from Blockworks also known for its crypto coverage, reported that Harris will support any measures to assist in digital assets’ growth.

The news comes after Harris met with FTX CEO Sam Bankman-Fried and other crypto executives in San Francisco on Thursday.

The meeting was part of Harris’ efforts to engage the crypto community and learn more about the industry.

Harris has previously expressed support for cryptocurrency regulation, stating that she believes it is important to protect consumers and ensure the stability of the financial system.

In a recent interview with Axios, Harris said that she is "a believer in cryptocurrency, but I also think we have to be realistic about the fact that there are risks involved."

"We need to make sure that we are putting in place the necessary regulations to protect consumers and ensure the stability of the financial system," she added.

Related Link: Kamala Harris Meets With FTX CEO Sam Bankman-Fried, Other Crypto Execs In San Francisco

Top Gainers: Several cryptocurrencies are showing strong gains on Friday.

SOL is up 2.5% to $30.47.

DOGE is rising 2.3% to $0.081.

UNI is gaining 2.1% to $7.13.

MATIC is rallying 1.9% to $1.02.

APE is adding on 1.8% to $6.23.

Trader Notes: Crypto trader TradeButWhy noted that despite the three weeks since the dump, his confidence has increased.

"It’s been almost 3 weeks since the dump and my confidence has since increased in:

1) BTCUSD is not gonna do much next few months, expecting more sloppy ranging price action

2) BTCUSD bottom is in

3) SOLBTC / SOLETH / SOL.D are going lower"

Another trader More Crypto Online sees Bitcoin (CRYPTO: BTC) heading towards $61,500, where it will face the next crucial decision.

"Bitcoin is now approaching the next crucial decision zone on the lower timeframes.

We can see a clear bullish engulf on the 4-hour chart, which is valid after the close of the next candle (in about 2 hours)."

CrediBULL Crypto predicts a “big breakout/squeeze to $63,000.” He believes the move is driven by a pretty relentless spot bid on Coinbase and concluded, “If we do top here soon I am still interested in longs at $55,000-$56,000. If we continue to push will be looking for short again somewhere above $64,000.”

Rekt Capital noted that Bitcoin is on the verge of returning to re-accumulation range despite the recent downside deviation.

"#BTCLooks like history is repeating itself because Bitcoin is officially well-positioned for a reclaim of the ReAccumulation Range Low as support

Bitcoin is on the cusp of returning into the ReAccumulation Range, despite the recent downside deviation$BTC #Crypto #Bitcoin https://t.co/gQj5vMqj10 pic.twitter.com/Xc9b3CnfaD"

What’s Next: The influence of Bitcoin as an institutional asset class will be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

Don’t miss out on the chance to hear from top industry leaders and gain valuable insights into the crypto markets.

Register Now for Future of Digital Assets

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