Author: Ana Paula Pereira, CoinTelegraph; translated by Tao Zhu, Jinse Finance
Trump and Harris make a final push in battleground states
In the final hours before election day, Democrat Kamala Harris and Republican Donald Trump held last-minute rallies and events in battleground states, concluding months of campaigning.
On November 4, Harris spent her day in Pennsylvania, starting in Scranton and then speaking in Allentown. She also attended rallies and concerts in Pittsburgh and Philadelphia with celebrities.
Trump is focusing his final efforts on three battleground states and will stop in Raleigh, North Carolina; Reading and Pittsburgh in Pennsylvania; and Grand Rapids, Michigan. After the last rally, the candidate is expected to return to Palm Beach, Florida, planning to vote in person in the morning and hosting an election night dinner for top supporters.
Bitcoin price is expected to experience volatility leading up to the U.S. election
Bitcoin price saw a significant pullback of 8% between October 29 and November 3, dipping to $67,446 over the weekend. Although the market structure remains bullish, traders expect increased volatility as the November 5 U.S. presidential election approaches.
Bitcoin price 1-day chart. Source: TradingView
Election officials warn that election day may be delayed
State election officials warn that voters heading to polling stations on November 5 should be prepared for potential minor issues.
According to a joint statement from the National Association of Secretaries of State (NASS) and the National Association of State Election Directors (NASED), Americans may face delays in polling station openings, lines during peak hours, and potential power outages.
Officials also noted that the results on election night are preliminary, as official counting will include all ballots cast in the following days and weeks—votes cast in person, by mail, and by military and overseas voters. A closely contested race may require a recount or audit to confirm accuracy, urging the public to be patient.
Donald Trump vs. Kamala Harris on cryptocurrency regulations
Cryptocurrency regulation has become a key issue in the 2024 U.S. election, prompting presidential candidates to share their views on digital assets.
Donald Trump, who was once skeptical of cryptocurrency, now positions himself as a strong advocate. He has expressed support for making America the 'cryptocurrency capital of the world' while criticizing the prospects of central bank digital currencies (CBDCs). His campaign has even accepted cryptocurrency donations, indicating alignment with voters who support cryptocurrency.
On the other hand, Kamala Harris finally broke her silence on cryptocurrency at a Wall Street fundraising event in September, marking her first public statement on the industry. She pledged to provide a 'safe business environment and consistent and transparent road rules' for emerging tech sectors such as AI and digital assets.
Since receiving her nomination, her advisors have engaged with major cryptocurrency companies to discuss industry-friendly rules, indicating a willingness to engage with cryptocurrency leaders.
While Congress is expected to play a key role in establishing clarity around digital asset regulations, the White House is anticipated to set the tone for how federal agencies handle the industry.
Crypto whales bet on Trump winning before the U.S. election
On the decentralized prediction market Polymarket, some mysterious entities control the majority of the votes for Donald Trump, with millions betting on the November 5 election. Five major investors or 'whales' hold over 50% of Trump's shares, and if he wins, they could receive over $81 million in total dividends.
Source: Polymarket
When will we know who the winner is?
Americans are unlikely to know the winner of the presidential race on the night of November 5. The fierce competition in key battleground states could delay final results by several days. For example, Joe Biden's victory in 2020 was not announced until four days after the election.
This year, seven states are considered battlegrounds: Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin. The margins in these states are expected to be very close, which could delay final vote counting.
Analysts expect that the results this year will be announced earlier than in 2020, when the pandemic led many Americans to vote early. This could lead to quicker results this year.
Source: a16z's (2024 Cryptocurrency Status) report
Guide for Crypto Voters on Congressional Legislation for the 2024 Election
In this election, digital assets have become a focal political issue. Industry leaders and advocates are pressuring politicians to commit to policies that promote growth and provide clarity on digital assets.
Comparison of the U.S. election to Federal Reserve interest rate cuts
As the U.S. presidential election week approaches, Bitcoin will contend for $69,000, with macroeconomic events and network fundamentals potentially increasing volatility in the cryptocurrency market.
Starting this week, cryptocurrency prices are trading above $62,200.
Trump and Harris wrap up campaigning before election day
The 2024 U.S. election is underway, with millions of Americans having voted early. This year's election could lead to significant policy changes, with all 435 House seats and 34 Senate seats at risk, and the presidential race between Vice President Kamala Harris and former President Donald Trump also at stake.
Key issues such as the economy, immigration, and cryptocurrency regulation are in the spotlight, making this election particularly important for the future of digital finance and innovation.
