Election Odds Shift in Trump’s Favor: Betting platforms show Trump with a 53.8% chance of victory against Kamala Harris. With $3 billion in bets placed, this election’s stakes are explosive. Notably, J.P. Morgan has weighed in, projecting a 60-70% likelihood of a Trump win, and a potential 5% USD boost if the GOP sweeps.
Trump on Bitcoin and the Dollar: Trump, famously cautious about crypto, seems to shift focus, stating that Bitcoin itself isn’t a threat to the dollar. Instead, he claims the “current US government” is weakening the currency.
Big Crypto Unlocking Event in November: With $2.68 billion in crypto tokens set to unlock this month, we could see substantial price swings as liquidity floods in—an opportunity and risk for traders!
Bitcoin’s Quiet Climb: Bitcoin flirts with all-time highs, yet retail interest is lower than expected. This hints at a more mature market and potentially a waiting game as institutional investors step in, while retail waits on the sidelines.
Crypto Voters Demand Pro-Crypto Candidates: A significant 73% of crypto holders are prioritizing candidates who support crypto, showing just how vital crypto policy has become in shaping political allegiance.
Trump Leads in Key Swing States on Polymarket: Betting markets like Polymarket reflect a pro-Trump trend, with him leading in four out of six crucial states—fueling the belief among “crypto whales,” who now hold over 50% of pro-Trump positions.
Rise’n’Crypto Election Bets: Bitcoin prices surged 10% in correlation with election betting, revealing the intensity of “election-driven” bets as traders look to profit off this volatile time.
New Innovations at Bitget: Bitget introduces Bitget Pay, allowing zero-fee, instant payments in BTC, ETH, and USDT. With adoption like this, crypto is steadily gaining ground as a mainstream financial tool.
It’s an exhilarating time as crypto and politics intertwine, driving market sentiment and trading strategies. With big-money bets on the line and crypto whales gearing up for a possible Trump win, November could be a pivotal month for the markets and crypto enthusiasts alike.
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