There is only 1 day left until the critical U.S. presidential election on November 5, with betting interest reaching an all-time high, surpassing previous records, as voters await the outcome between former President Donald Trump and current Vice President Kamala Harris.
Harris is leading Trump in all three key swing states.
CNN poll shows that among voters who have already cast their ballots!
Michigan: Voted for Harris 61%, Trump 35.96%
Wisconsin: Harris 60%, Trump 38%
Pennsylvania: Harris 57%, Trump 40%
FOX poll shows that among voters who have already cast their ballots
Michigan: Voted for Harris 68%, Trump 30%
Pennsylvania: Harris 68%, Trump 32%
No threshold, free entry to the group + VX: btc0955
Trump is in a bit of danger... This time it really depends on the news. If Trump and Musk are in trouble, Bitcoin is likely in danger too, and there could be a black swan event. The U.S. stock market has been hitting new highs daily; the bubble is heavy, and this might be the last chance for the Republican D. If this fails, it could lead to a 'one-party dominance'.
As of October 30, the two-day bull market has ended, dropping from $73,600 all the way down. On the morning of November 3, Bitcoin's price plummeted dramatically, briefly falling below $69,000, with Ethereum, Binance, and BAN coins also following the downward trend.
As of the time of writing, the Bitcoin price continues to decline, reporting at $68,273 per coin.
Other cryptocurrencies in the virtual currency market have all plummeted. BAN fell 35% in 24 hours, SUI fell 5% in 24 hours, PEOPLE fell 9% in 24 hours, LISTA fell 14% in 24 hours. According to CoinGecko data, the total market capitalization of cryptocurrencies has fallen below $2.3 trillion, with a 24-hour drop of nearly 2.13%, evaporating over $88 billion (approximately 630.1 billion RMB) in market value.
According to Coinglass data, in the past 24 hours, over 100,000 people in the virtual currency market have been liquidated, with a total liquidation amount of $235 million, including $194 million in long positions and $40.45 million in short positions. The largest single liquidation was $9.97 million.
Can cryptocurrency continue to rise?
Cryptocurrency is dominated by bullish sentiment.
Traders are increasingly betting on call options. Previous data shows that the strike price for call options expiring on November 8 is concentrated around $75,000, while the strike price for call options (open contracts) expiring on November 29 is concentrated around $80,000.
David Lawant, head of research at cryptocurrency brokerage FalconX, said: "The market consensus we believe is that regardless of the outcome of the U.S. election, Bitcoin may perform well. Team analysis shows that around the upcoming election, options activity shows a clear upward trend."
Many institutions have provided more optimistic target prices. Investment bank Bernstein predicts that by the end of 2025, the price of Bitcoin could reach $200,000. btc0955
