🚨Breaking: Trump declares victory; Harris yet to concede
Donald Trump declared victory over Kamala Harris in the US presidential election, with projections showing wins in key battleground states like Pennsylvania, North Carolina, and Georgia. The Republican Party is also expected to regain control of the Senate.
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International leaders, including Ukraine's Zelenskyy, EU officials, and China's foreign ministry, extended their congratulations or shared intentions for cooperation with the US. Analysts suggest that high voter turnout might have favored Trump in both the Electoral and popular votes. Trump’s speech in West Palm Beach focused on promises to strengthen the economy and exit the Paris climate accord, though he offered few specifics.
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Alabama saw a Democratic win in a historically Republican district, and Adam Schiff claimed a Senate seat in California. Despite unresolved legal issues, Trump pledged to help the US "heal" and vowed to act swiftly in his new term.
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$ETH current analysis points to a bullish sentiment in the market for ETH/USDT, with the price trading above key moving averages and strong buying volume backing the recent rise. Watch for a break above $2,643.20 as a signal for continued upward momentum. However, if the price falls below the $2,482 support, a short-term pullback may occur.
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Immediate Support: Around $2,482.28, near the recent low observed on the chart.
Immediate Resistance: At $2,643.20, the high reached within the last 24 hours. If ETH breaks through this level, it could signal further upward movement.
#EthereumSignal #donaldtrump
$BTC is currently in a bullish phase. The next resistance level to watch is 75,407.10. A breakout above this could lead to further upside. However, a failure to break this resistance might cause some short-term consolidation around the 73,343.00 support level.
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Support Level: 73,343.00 (nearest support level based on previous consolidation)
Resistance Level: 75,407.10 (24-hour high and potential resistance)
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When will the results be expected?
The final polls are set to close at 01:00 EST (06:00 GMT) early Wednesday. In past presidential elections, a winner has sometimes been declared late on election night or early the next morning.
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However, this year, the close competition in several states may slow down how quickly media outlets can project a winner. Tight margins could also lead to recounts. For instance, in Pennsylvania—a key swing state—a recount is mandatory if the difference between the top two candidates is within half a percentage point.
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In 2020, the margin in Pennsylvania was just over 1.1 percentage points. Meanwhile, projected results are being released for states with more predictable voting patterns.
#donaldtrump #USElections2024Countdown
$PEPE is currently experiencing a high bullish phase and if price breaks above the immediate resistance at $0.00000968 with sustained volume, the price could see further upside, possibly establishing a new high. Traders might consider entering long positions if the price sustains above this level.
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A rejection at $0.00000968, especially with decreasing volume, could lead to a pullback towards the support at $0.00000836 or lower at $0.00000805.
Consider setting stop-loss levels near the key support at $0.00000836 to manage potential downside risks.
Immediate Support: At approximately $0.00000836, where the recent consolidation occurred before the breakout, providing a safety net for potential pullbacks.
Strong Support: Around $0.00000805, which is the 24-hour low, reflecting where buyers previously entered the market.
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5 Altcoins Ready to Explode in the Bull Market 🌋
In this bull market, expecting a 5-10x return is reasonable. For Bitcoin to double, it would need to reach $140,000, demanding an extra $1.3 trillion in market cap. As Bitcoin grows and altcoins multiply, achieving massive returns is harder. While tenfold profits were common in the 2017 altcoin boom, now even a few times return can be tough. Selling altcoins at a 5x gain and fully cashing out at 10x may be the best approach.
1. $STX
The Nakamoto upgrade boosts STX with faster transactions and the new 'sBTC' token, creating a bridge between Bitcoin and the Stacks ecosystem. Currently priced at $1.52, up 6.29% over the last day, STX shows strength above its 200-day SMA. Price may rise to $1.68 by December if momentum continues.
2. EGLD
MultiversX’s protocol, designed for high scalability, processes up to 100,000 transactions per second, supporting DeFi and metaverse applications. Trading at $23.41, it has a 14-day RSI of 60.87, indicating a consolidation phase but strong market performance.
3. $SEI
Sei’s partnership with CARV boosts Web3 gaming, combining Ethereum’s development framework with Solana’s speed. The V2 update adds scalability for gaming projects. Sei trades at $0.3601, showing resilience with a potential 228.79% price gain next month.
4. $PYTH
Pyth Network's partnership with AGDEX enhances DeFi security with reliable market data. Currently at $0.3337, market sentiment is bearish, but predictions suggest a potential price surge, with a possible 370.79% return by year-end.
5. CORE
Core blockchain provides yield for Bitcoin through staking on a PoS layer without altering Bitcoin’s PoW protocol, addressing asset custody concerns. Priced at $0.80, Core has risen 76% over the past year, reflecting its strong positioning.
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🔔 MARKET MOVING NEWS! (05/11/24)
1️⃣ British Pension Fund First to Add Bitcoin to Balance Sheet ▶️
2️⃣ #MtGox Moves $2.2 Billion Worth Of $BTC To Unmarked Wallets: #Arkham ❓
3️⃣ Andreessen Horowitz Donates $23M to Crypto Super PAC Fairshake for 2026 Elections 💰
4️⃣ Michigan Pension Fund Maintains #BitcoinETF Investment, Adds Ether ETFs ⬆️
5️⃣ Healthcare Firm Semler Scientific Buys 47 Additional BTC, Taking Total Holdings To 1,058 BTC 💸
6️⃣ #Robinhood , #Kraken , Paxos Launch Global Dollar Stablecoin Network ⚡️
US election results: How a Trump or Harris victory could shape crypto markets 🥁
The upcoming US presidential election could significantly impact the global cryptocurrency sector, influencing regulation and market dynamics. Industry experts are closely monitoring its outcome.
Election and Market Dynamics
With around 40% of Americans holding cryptocurrency, both major parties are signaling support for clearer regulations, which could bring stability and attract institutional investors. Mudrex Co-founder and CEO Edul Patel noted, "The US is a mature crypto market. Both parties advocate for supportive regulations. Given the US’s global influence, these regulatory decisions may shape crypto policies worldwide, potentially pushing Bitcoin toward the $100,000 mark."
Bullish or Bearish?
Balaji Srihari of CoinSwitch suggests that election results may lead to market volatility. Trump’s pro-crypto stance could spark bullish sentiment, while a Harris administration, favoring increased regulation, could trigger bearish trends.
Long-Term Impact on Crypto
Ryan Lee, Chief Analyst at Bitget Research, sees both short- and long-term effects. A crypto-supportive candidate may boost confidence immediately, while balanced regulations could stabilize the market over time.
Pro-Crypto Regulatory Shift
Dilip Chenoy of Bharat Web3 Association believes that pro-crypto candidates could drive a supportive regulatory framework, encouraging institutional investment and innovation.
Digital Assets and Blockchain’s Resilience
Amit Malik of WadzPay highlighted the resilience of digital assets beyond elections, with stablecoins and blockchain technologies poised for broader integration into traditional finance.
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🚀 Shiba Inu (SHIB) Gearing Up for a Surge! But Key Levels Stand in the Way! 🔥
Shiba Inu (SHIB) recently broke out from a falling wedge pattern, signaling potential for a strong bullish move! With SHIB currently trading at $0.00001735 and facing its first resistance at $0.00001911, the momentum looks promising.
🌟 However, it will need to clear key levels to sustain a rally:
🔑 Immediate Resistance: $0.00001911
🔑 Major Barrier: $0.00002869
Key Indicators Supporting Bullish Momentum 📊
⭐Stochastic RSI: Indicates an oversold condition, suggesting a rebound.
⭐MACD: Shows early signs of a bullish crossover.
⭐Exchange Reserves: Declining, which means reduced selling pressure as tokens are moving off exchanges.
⭐Long/Short Ratio: With more long positions, sentiment leans bullish! 📈
With technical indicators in favor, SHIB might just be ready for a rally if it can overcome these resistance points.
Could we see a new rally on the horizon? 👀
#shiba⚡ B #CryptoNews🚀🔥 #Bullish #USElections2024Countdown
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We're seeing a cautious recovery in BTC and Altcoins. While optimism is in the air, it’s crucial not to get carried away or open risky positions without careful consideration. There's still much uncertainty ahead, especially as we await clearer insights into the U.S. election results. By this evening, we might have a better idea of the potential outcome, but it’s wise to stay cautious.
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Market analysts and influencers are making bold predictions, with some projecting $90K if Trump wins. However, I doubt we'll see such a dramatic leap right away. While a price increase is likely, a jump to $90K seems premature. There will be plenty of predictions in the coming days, many of which might not hold up, so don’t be swayed by hype.
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Today’s market will likely be volatile, and depending on the vote count’s pace, this could extend for another two or three days. Remember, any current ups or downs aren’t final trends. It’s best to wait for the election results to settle before making new moves.
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I’m optimistic about the market regardless of the election outcome. Remember, a pro-crypto government isn't essential for a solid bull run. This time will be no different! ✊🏻🚀
What you guys think how will BTC react with the election results?
#CryptoAMA
When will we know who won the US elections?
Election results are sometimes declared late on election night or the following morning. This time, the close race in several states may lead to a delay before media outlets can predict a winner. Democrat Kamala Harris and Republican Donald Trump have been in a tight race.
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In some states, recounts could be required. For instance, Pennsylvania mandates a recount if the margin is within 0.5%. In 2020, it took until November 7, four days after Election Day, for networks to declare Joe Biden the winner, due to close margins and pending results from key states.
Possible Delays in Result Announcements
Legal challenges are likely, with over 100 lawsuits already filed, primarily by Republicans, covering voter eligibility and registration. Additional delays may arise from disruptions at polling stations.
In some areas, however, counting is faster. Michigan, for example, has improved its processing speed, and fewer mail-in ballots are expected compared to past elections.
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Key Swing States to Watch
Polls start closing nationwide at 18:00 EST and finish at 01:00 EST. Key states to monitor include:
Georgia - Polls close at 7 p.m. ET, with about 75% of votes counted within two hours, and full results expected by night’s end.
North Carolina - Results should be in by the end of the night, barring any issues from recent hurricane impacts.
Pennsylvania - Polls close at 8 p.m. ET, but counting starts only on Election Day, likely delaying a winner announcement by at least 24 hours.
Michigan - Polls close at 9 p.m. ET, with results expected by late Wednesday.
Wisconsin - Expected results on Wednesday, though larger areas may take longer to count.
Arizona - Initial results around 10 p.m. ET, but full results aren’t expected until Wednesday morning.
Nevada - Mail-in ballots can be counted up to Nov. 9, possibly delaying final results.
In previous elections, results varied in timing, with some races called quickly and others taking days, as in 2000 when the Bush-Gore result was finalized.
Primed for 100x Gains: 5 Altcoins with Million-Dollar Potential by 2025💰
In the fast-paced world of cryptocurrency, some altcoins are capturing attention for their potential to bring significant returns. These coins stand out for their unique innovations and could lead the market by 2025. Investors eyeing these assets might find opportunities for substantial portfolio growth.
1. XYZVerse (XYZ)
XYZVerse is a sports-themed meme coin aiming to dominate the meme coin arena. It combines sports fandom and crypto in a dynamic ecosystem, attracting sports fans and crypto enthusiasts alike. With an expected major surge, XYZ could become the meme coin leader in the next bull market.
2. Pepe ($PEPE )
Pepe is a deflationary meme coin launched as a tribute to Pepe the Frog. With a no-tax policy and no traditional utility, PEPE appeals to those who value simplicity. After a rapid market cap rise in 2023, PEPE sparked interest in meme coins, and its community-driven approach could see it rise even higher.
3. Sei ($SEI )
Sei is a Layer 1 blockchain focused on fast and secure trading. Known for transaction speeds as quick as 380 milliseconds, Sei offers a high-performance platform ideal for traders. This specialization might give Sei an advantage as DeFi demand grows.
4. Mog Coin (MOG)
MOG aims to revolutionize the meme coin space with humor and viral content. It appeals to a community passionate about memes, standing out with an energetic and original approach. Its devoted following and momentum make it a compelling choice in today’s market.
5. JasmyCoin ($JASMY )
JasmyCoin prioritizes data ownership, allowing users to control their personal data through a blockchain-based platform. With a focus on data privacy, JASMY addresses a growing market need, making it attractive as privacy awareness grows.
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