Crypto Prices Soar: A New Bull Run Begins?

Why crypto prices surged on Monday and why this may be just the beginning. Learn about the factors driving this bull run and what’s next for the market.

The crypto market surged on Monday as U.S. presidential candidates vied for the crypto community’s support. In a recent development, Kamala Harris announced her backing for crypto legislation aimed at ensuring digital asset owners and investors benefit from a solid regulatory framework.

Although the specifics remain unclear, this positive stance was enough to lift the crypto market, with altcoins and memecoins reaping the rewards. As of 5:00 p.m. ET, Solana (SOL) is up 7%, Shiba Inu (SHIB) climbed 5.7%, Pepe (PEPE) surged 11.5%, and Bonk (BONK) rose 10.4%.

The Impact of Politics on Crypto

Investing based solely on politics is often risky, but there’s no denying that policy affects markets. This is especially true for crypto, where most exchanges and tokens have had run-ins with the SEC.

Both leading presidential candidates now support some form of crypto regulation, which could spur growth and innovation in the industry. Interestingly, memecoins and altcoins were the first to respond to the latest…