According to Foresight News, the sentiment in the cryptocurrency market remains strong a week after the U.S. election. Polymarket, Bitcoin, and a more efficient government are to be expected.
Polymarket is a prediction market based on the Polygon blockchain, with betting amounts reaching 3.2 billion dollars during the election. Although betting amounts declined after the election, mainstream users have shown interest in it.
Bitcoin's price hit an all-time high, soaring to 77,000 dollars after the election, nearing 100,000 dollars. Trump's support has driven the token's rise.
The positive impacts brought by the election may not be long-lasting, but a Republican majority could push for cryptocurrency legislation. Trump, who supports cryptocurrencies, may ease regulations and promote friendly policies.
