bitcoin
bitcoin

$73880.82 USD 

8.58%

ethereum
ethereum

$2583.68 USD 

7.02%

tether
tether

$0.999812 USD 

0.03%

solana
solana

$181.14 USD 

14.03%

bnb
bnb

$582.69 USD 

5.02%

usd-coin
usd-coin

$0.999794 USD 

-0.04%

xrp
xrp

$0.531678 USD 

5.21%

dogecoin
dogecoin

$0.204433 USD 

25.71%

tron
tron

$0.161715 USD 

-0.52%

cardano
cardano

$0.354019 USD 

7.21%

toncoin
toncoin

$4.78 USD 

2.95%

shiba-inu
shiba-inu

$0.000019 USD 

11.17%

avalanche
avalanche

$26.00 USD 

13.97%

chainlink
chainlink

$11.61 USD 

11.98%

bitcoin-cash
bitcoin-cash

$364.37 USD 

10.09%

Cryptocurrency News Articles

US Presidential Election 2020: Crypto Traders Wager $2.8B on Trump Landslide Victory

Nov 05, 2024 at 05:21 am

The US Presidential Forecast chart above is from Polymarkets, a prediction markets platform built on the Polygon network, that allows crypto traders

US Presidential Election 2020: Crypto Traders Wager $2.8B on Trump Landslide Victory

Crypto traders have wagered nearly $2.8 billion on the US elections outcome, with Trump leading the ‘crypto polls’ by a staggering 65.3% votes to Harris’ 34.8% as of October 31, signaling a potential landslide victory for the Republican candidate.

But amid a last-minute resurgence, Kamala Harris rapidly gained ground on Trump over the week, closing the gap to 57.7% – 42.4% at the time of publication on Nov 4, barely 13 hours from the elections.

Notably, Kamala’s resurgence performance between Oct 31 and Nov 4, has starkly coincided with Bitcoin’s on-going 5-day losing streak. This lends credence to the narrative that the last-minute swings in US elections race contributed to BTC 6.7% weekly timeframe price downturn.

Bitcoin Price Forecast: $65,000 Support at Risk?

Bitcoin price dipped by 2% within the daily timeframe on Nov 5, as traders grow skittish ahead of the US elections. Technical indicators suggest the bearish momentum could persist until a winner is announced.

Currently, Bitcoin trades below the Volume Weighted Average Price (VWAP) of $67,991 and remains within the bearish zone of the Keltner Channel (KC) bands, indicating intense downside risk.

News source:www.fxempire.com

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Nov 06, 2024