Follow along for live updates on how the 2024 U.S. elections are impacting the crypto markets, as investors and traders brace for potential swings amid a tight presidential race.

Bitcoin Surges as Election Fever Ignites Market

Nov. 5, 16:11 UTC – Bitcoin’s price soared 3.7% within the hour, hitting close to $70,300 before dipping back to $69,500. This sharp movement caught many short traders off guard, as the market reacted to Election Day uncertainties and sudden volatility.

FBI Warns Against Misinformation on Social Media

Nov. 5, 15:59 UTC – The FBI has alerted the public about deceptive videos circulating on X, falsely claiming high terror threats at polling stations and vote tampering in certain states. The agency advised caution, urging voters to verify information through reliable sources.

Dixville Notch Kicks Off Voting, Results Show 50-50 Split

Nov. 5, 14:52 UTC – The small town of Dixville Notch, New Hampshire, upheld its tradition of early voting, revealing an even split between candidates Kamala Harris and Donald Trump. The first results from East Coast polls are expected post-6 pm ET.

Jim Cramer’s Prediction Sparks “Inverse Cramer” Effect Speculation

Nov. 5, 12:35 UTC – Financial commentator Jim Cramer noted market signs leaning toward a Harris win, sparking the “inverse Cramer” speculation, where outcomes often swing opposite to his predictions. For crypto enthusiasts, this effect has added an interesting twist to Election Day projections.

Analysts Anticipate Bitcoin Volatility Based on Election Outcome

Nov. 5, 10:49 UTC – Bitfinex analysts suggest that Bitcoin’s subdued activity below $69,000 could be a sign of cautious sentiment, but a post-election spike could push prices higher. While a Trump win is seen as potentially more crypto-friendly, both outcomes are expected to support Bitcoin’s long-term upward trend.

Massive Outflows from Bitcoin ETFs Ahead of Election Day

Nov. 5, 4:55 UTC – U.S. Bitcoin ETFs saw a staggering outflow of $541.1 million, marking the second-largest exodus to date, as investors reduced exposure to risk assets. BlackRock’s ETF was the only exception, with $38.4 million in inflows, as Bitcoin’s price hovers around $68,000.

Final Campaign Push Across Swing States

Nov. 4, 9:05 UTC – In the final stretch, Harris and Trump rallied in critical states, with Harris in Pennsylvania and Trump covering multiple stops, including North Carolina, Michigan, and Pennsylvania. Both candidates are pushing for last-minute momentum as they vie for every crucial vote.

Volatility Expected as Markets Brace for Election Impact

Nov. 4, 6:30 UTC – Bitcoin’s recent 8% drop to $67,446 showcases market jitters ahead of the election. Analysts are anticipating significant price swings, as the outcome could shape crypto regulation and broader economic policies.

As Election Day unfolds, keep an eye on Bitcoin’s price action, ETF flows, and the latest voting trends to see how this political showdown could shape the future of crypto markets in the U.S.

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