In the forthcoming U.S election, cryptocurrencies have evolved as a primary agenda, and now it is speculated that the one with a more proactive attitude towards crypto will win the election of 2024.
Data available on Polymarket(dot)com states that Donald Trump, the former president and top contender in ongoing elections, has a 51% chance of winning, followed by Kamala Harris with 48.3%.
Additionally, the data notes that the total number of bets on the forthcoming presidential elections in the U.S. has reached $1.35 billion. The list of highest bets is ruled by Trump, with $330 million; on Harris, the bet amount is $264 million.
Market experts argue that among the most popular leaders, Trump holds significant cryptocurrencies in his portfolio. He also confirmed the information in an X post after he made public that he would contest the election of 2024.
Harris has led from California, New Mexico, Colorado, Oregon, New York, Virginia and Maine. On the other hand, Trump has a strong base in Texas, Montana, Florida, Alaska, South Carolina, and Utah, among other cities.
In a speech in July, the leading contender for the U.S. presidential elections said that he wants the U.S. to become the “crypto capital of the planet” and the Bitcoin “superpower of the world.”
The information available on opensecrets(dot)org notes that the Top Spending Candidate Committees 2024 is led by Kamala Harris with $435,620,329, followed by Trump at $171,427,936 and David Trone at $63,320,178.
Elon Musk & Donald Speech Has Pumped the Market!
An international media outlet reported that Tesla owner Elon Musk had addressed the support of Trump in Pennsylvania. Musk stated his support for Trump after an assassination attempt on him was carried out.
During his speech, Musk criticized the decision of the current government to restrict the usage of voter ID for voting. The X owner cited that 14 states don’t require voter IDs, and by doing this, they want to take away our voting rights.
Related Updates
Fairshake a fund that supports candidates committed to securing the U.S as the home to innovators building the next generation of the internet.
The opensecrets(dot)org data discloses that the highest individual crypto donation was from Andreessen Horowitz, $44,000k, followed by Winklevoss Capital Management, $5,000k.
Source: opensecrets(dot)org
In terms of institutional crypto donation, the list is ruled by Coinbase with $45,499,995 in donations, followed by Ripple with $45,000k, Jump Crypto with $15,000k, and Circle Internet Financial with $1,000k.
Crypto Market Price Update
When writing, cryptocurrency market capitalization was at $2.19 trillion, growing 1.55% in the past 24 hours. At the same time, the fear and greed index was at 43, determining neutrality in the market sentiments.
Bitcoin trading volume seems to be opposing the bearish dominance; until publishing, it was trading at $63,404 with a surge of 1.45% intraday. The market dominance of BTC grew 1.47% in the past 30 days, reaching 58.03%.
Source: CoinMarketCap
Ethereum fell below the mark of $2,500, reaching $2,469, a major decline in its trading price observed in the past seven days. Similarly, its market dominance shed 2.43% in a week, 3.63% in a month, and 22.02% in a quarter, reaching 13.86%.
Mog Coin captured the first position in the intraday gainers’ list as its trading price surged 16.03%, reaching $0.051686, followed by Dogwifhat (WIF) trading at $2.58, growing 13.58% and Sui at $1.94, surging 12.39%.
Memecoins has been performing at an appreciable pace for the past few quarters some coins that gathered a huge spotlight include Dogs, Bonk, Pepe (PEPE), Dogecoin (DOGE), Shiba Inu (SHIB), and Dogwifhat (WIF).
