Donald Trump-themed Political Finance (PoliFi) tokens bucked low volatility in bitcoin and the broader crypto market this week as the Republican presidential candidate's chances of winning the election surged to a two-month high on Polymarket. Bitcoin slid over 4% in U.S. hours Thursday, before recovering in Asian morning hours Friday, now trading above $60K, as renewed regulatory fears plagued the market. A re-acceleration in inflation pressure in September initially sent markets lower, with majors such as ether (ETH) and dogecoin (DOGE) falling as much as 6%. PoliFi is a cohort of tokens and memecoins that gained traction earlier this year.
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