The probability of Donald Trump’s electoral win has tightened, and Bitcoin's recent drop has triggered massive liquidations in the crypto market. Total crypto market liquidations reached nearly $350 million as Bitcoin briefly fell below the $69,000 mark, with this volatility occurring just days before the upcoming U.S. presidential election on November 5.
According to CoinGlass data, liquidations on November 3 totaled $349.8 million, with $259.7 million in long bets and $90.1 million in short bets. This was the highest liquidation volume since October 25, when Bitcoin failed to hold a rally above $70,000.
Bitcoin’s Wild Price Swings: Rising and Falling within Days
In recent days, Bitcoin has experienced sharp price fluctuations—starting at $67,700 on October 28, hitting a peak of nearly $73,300 on October 29, only to drop to a low of $67,719 on November 3. Following this dip, Bitcoin quickly rebounded and is now trading at $69,145, according to CoinGecko.

These Bitcoin price movements coincide with shifting odds on Polymarket, where investors focus on candidates' chances in the presidential election. In October, Trump was seen as the leading contender on Polymarket, but by October 30, his probability had dropped from a high of 67% to the current 56%.

The Crypto Community Favors Trump
The crypto industry generally views Trump as more crypto-friendly. During his campaign, he pledged that, if elected, he would dismiss SEC Chairman Gary Gensler and encourage crypto development in the U.S. Conversely, Harris has taken a more reserved stance on crypto regulation and has voiced support for stricter regulations.
Elections as a Key Factor for Bitcoin Price Movement
Trump’s winning odds on Polymarket now align with pre-election polls, showing him neck-and-neck with Harris. The FiveThirtyEight survey indicated that as of November 3, Harris held a slight lead of 0.9 percentage points.

Some traders speculate that a Trump victory could drive Bitcoin to $100,000, while analysts at Bernstein suggest that a Harris win could lead to a significant drop in Bitcoin’s value by the end of the year.
Crypto trader Daan Crypto Trades predicts that immediately after the election, Bitcoin could experience "at least a 10% shift in either direction, depending on who ultimately wins the election."

How do you think the upcoming election will impact Bitcoin's future price? Share your thoughts and predictions in the comments! Do you believe a Trump or Harris victory could shift the direction of the crypto market?

#trumpVSharris , #Election2024 , #BTC☀ , #donaldtrump , #CryptoPredictions
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Si eres nuevo en el mundo de las criptomonedas, es probable que hayas sentido algo llamado FOMO (Fear of Missing Out, o miedo a perderse de algo). Me pasó a mí cuando abrí mi cuenta en Binance por primera vez. Miré el precio de Bitcoin en unos $34,000 y Solana en $34, y pensé: ¿Y si compro ahora o me pierdo la subida? Pero el FOMO a veces nos lleva a tomar decisiones sin tanto análisis, y esa emoción me hizo comprar otras monedas que ya estaban en una etapa muy avanzada de su carrera alcista.
Lo curioso es que ahora, con más experiencia, he comprado Bitcoin en alrededor de $70,000 y Solana entre $170 y $180. Aunque parece caro, lo veo con otra perspectiva: estamos en un mercado que eventualmente experimentará otro bullrun (subida generalizada), y hay posibilidades de que incluso estas compras caras puedan rendir frutos en el futuro.
Lecciones del FOMO: Bitcoin como Inversión a Largo Plazo
Lo que me ha dejado claro mi experiencia es que Bitcoin es una inversión a largo plazo. Siendo honestos, podemos mirar esta compra de hoy como una compra “barata” para el Sir Miguel de unos 20 o 30 años en el futuro. Mi estrategia ahora es acumular Bitcoin, aunque sean fracciones mínimas, y mantenerlo en HODL (aguantar sin vender) sin enfocarme en el corto plazo.
Si estás en esto por el largo plazo, considera el FOMO como una motivación, pero asegúrate de evaluar si las compras realmente encajan en tu estrategia. Aquí seguimos aprendiendo, pero con la vista puesta en el futuro.
$BTC $ETH $SOL #FOMO #BullRunAhead #toparticlenovember #Election2024

,Could Trump’s 2024 Win Spark Another BTC Boom? History Says Yes!
Back in 2016, after Donald Trump won the U.S. presidency, Bitcoin ($BTC) went on a historic rally, skyrocketing by an incredible 2,812% during his term. 🤑 From under $1,000, Bitcoin hit nearly $20,000 by 2017's end, starting the bull market that captivated the world. Could we see a similar trend if Trump secures a win in 2024? 📈
The reasoning behind this connection goes beyond Trump alone. During his administration, there was a mix of economic growth and regulatory uncertainties that kept traditional markets guessing and drew attention to alternative investments like Bitcoin. In times of policy shifts and economic uncertainty, crypto often shines as a hedge against volatility. 🌐 With Trump back in office, it’s possible that Bitcoin could once again attract a lot of attention as investors look to diversify amid market shifts.
A second Trump term might also mean new policies impacting crypto regulations. Historically, Trump has been skeptical of digital assets, but the rising popularity of blockchain technology and the strong advocacy from pro-crypto lawmakers might influence a more favorable stance. This could either help Bitcoin soar even higher if he opens doors to crypto-friendly policies, or create volatility if regulatory tensions arise.
So, is history bound to repeat itself? While no one can predict with certainty, the ingredients that fueled Bitcoin’s massive rally in 2016 are still in place: a controversial leader, economic uncertainty, and a maturing crypto landscape. 🏆 For BTC believers, Trump’s potential win could indeed be a bullish signal, possibly sparking another wave of price action that could lead us into new all-time highs!
Let’s stay tuned, as the 2024 election may prove pivotal for Bitcoin! 🚀
#BitcoinTherapist #Election2024 #OctoberCryptoFundingSurge #TrumpCryptoSupport

Elon Musk, CEO of Tesla and SpaceX, has recently become more involved in the political world by expressing his support for Donald Trump's presidential campaign. This involvement raises concerns about business ethics and freedom of speech. Musk also drew attention with his statement that he “doesn't know anyone who wouldn’t vote for Trump this year.”
Musk’s Comments on X and Shift in Voter Sentiment
In a recent post on X, Musk stated, “In the last election, I didn’t know a single independent voter who voted for Trump. This time, I don’t know anyone who wouldn’t.” This remark highlights a shift in voter sentiment toward Trump.
There is speculation that Musk plans to create an initiative called the Department of Government Efficiency (DOGE) if Trump wins the 2024 election. Musk has long advocated for freedom of speech and warns that if Kamala Harris were to win, this freedom could be threatened in the U.S.
Musk’s Financial Support for Trump’s Campaign
Musk contributed approximately $132 million to Trump’s campaign, making him a significant figure in the Republican effort to reclaim the White House.
However, his support has sparked varied reactions within the cryptocurrency industry. David Schwartz, CTO of Ripple, publicly expressed his concerns about Musk’s political involvement on X.
Concerns in the Cryptocurrency Sector
In his post on X, Schwartz questioned whether Musk’s support points toward a future where influential entrepreneurs might fear criticizing the government out of retaliation concerns. Schwartz warns that such a scenario could suppress freedom of speech and accountability in the business sector.

Musk’s leadership style and influence could deter business leaders from openly expressing opinions, fostering an atmosphere of fear that could hinder innovation.
Ethical Concerns: Undermining Trust in Business
JS Nelson, a business ethics expert, commented, “Musk’s behavior erodes trust… Unethical behavior may bring short-term gains, but it ultimately leads to serious consequences.”
As Musk’s influence grows, it is crucial to monitor its impact on business ethics and freedom of speech. The public should be aware of these implications and demand accountability.

What’s Your Take?
With Elon Musk’s influence expanding and sparking debate in the crypto and business communities, what do you think? Does his support for Trump challenge business ethics and freedom of speech, or is it simply part of his stance on free expression? Share your thoughts below – we’d love to hear different perspectives!

#ElonMusk. , #donaldtrump , #Election2024 , #CryptoNews🚀🔥 , #Ripple💰

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Donations from the U.S. crypto industry have reached record levels, surpassing $190 million as the election cycle approaches its final stretch, reported CNBC on October 20.
This increase is significant compared to previous election cycles, with nearly a thirteenfold jump from the $15 million spent in 2020.
Impact on Key Congressional and Senate Races
The crypto industry has started to heavily invest in key congressional and senate races with the goal of shaping future U.S. regulatory policy. Data from the Federal Election Commission (FEC) shows that crypto companies have contributed nearly half of all corporate donations, with more than $130 million directed toward congressional races, including primaries. This highlights the industry's effort to strengthen pro-crypto representation.
Influence on Both Political Parties
The super political action committee (PAC) Fairshake, known for its support of cryptocurrency and blockchain policy, is among the leading spenders. In September, it distributed nearly $29 million, with $20 million of that going to two affiliated PACs: $15 million to PAC Defend American Jobs, supporting Republicans, and $5 million to Protect Progress, which favors Democrats.
Fairshake also directed $8.8 million to competitive races in New York, Nevada, and California. Republican candidates David G. Valadao and Michael Garcia from Southern California received $1.3 million and $1 million, respectively, for their tight races.
While more funds have been directed to Democrats in recent months, donations remain fairly balanced between both parties. In September, Democrats received $6.2 million, while Republicans received $2.3 million.
California as a Key State
California is a critical state for the crypto industry due to its high concentration of blockchain companies. The political landscape of this state will be key for future regulatory developments, and the industry's donations reflect this. Analyst James Delmore told CNBC that supporting candidates in California’s districts is crucial, not only to ensure pro-crypto policymakers but also to maintain California’s position as a hub for the crypto industry.
In addition to California, donations have been directed to key states like New York, Nevada, and Illinois. Protect Progress has also invested over $10 million in supporting Democratic Senate candidates in Arizona and Michigan.
Long-term Strategy of the Crypto Industry
As the crypto industry continues to grow in political influence, the large donations flowing into key races underscore its long-term strategy to shape the future regulatory environment in the U.S.
#CryptoPolitics , #CryptoNews🚀🔥 , #Election2024 , #CryptoIndustry , #Debate2024

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“