Bitcoin

In hyper-bearish environments (24h market cap -2.70%), markets conflate all US political news with regulatory threats regardless of relevance. This reflects a deeper structural shift where crypto pricing now prioritizes macro sentiment over fundamentals, with BTC dominance at 55.9% indicating altcoin rot despite no direct policy linkage.

Republican Spencer Pratt is in a tight mayoral race in one of America's largest cities against two Democratic candidates.