US Treasury yields and the dollar have rallied sharply recently as Mr. Trump leads Mr. Harris in the forecast markets. Investors are holding back on bets on easy monetary policy as Mr. Trump will implement pro-growth measures on an already stronger US economy if he wins the election. Bitcoin saw its first weekly decline in three weeks as financial conditions tightened relatively. IG Australia market analysts said the sell-off in equities, the rise in the dollar and the rise in yields all meant tighter financial conditions. That's not good for cryptocurrencies. Some will point out that financial conditions were loose from the start, but more important is the speed of tightening. The co-founder of Orbit Markets, a digital asset derivatives trading liquidity provider, said a Trump victory could lead to higher Treasury yields and ultimately negatively impact risk assets. However, the expected softening of regulation in the crypto sector by the Trump administration should remain a more important factor.