According to BlockBeats, a week after the US election, cryptocurrency market sentiment remains strong. Polymarket is a prediction market based on the Polygon blockchain, with $3.2 billion in bets during the election. Although the amount of bets dropped after the election, mainstream users still favor Polymarket. The media called it the largest prediction market and used it to judge the difference in public opinion before and after the election.
Bitcoin prices hit a record high, soaring to $77,000 after the election, approaching $100,000. Altcoins such as Solana also rose sharply. Republican majorities in the House and Senate may bring more efficient government and promote cryptocurrency legislation. Trump, who supports cryptocurrency, may relax regulations. Clear regulations will change the idea of crypto companies operating in the United States and may prompt innovation in the DeFi field. Overall, I am optimistic about the direction of the crypto industry after the election.
