Author: Ana Paula Pereira, CoinTelegraph; Translated by Tao Zhu, Golden Finance
Trump and Harris make final pushes in battleground states.
In the final hours before the election, Democrat Kamala Harris and Republican Donald Trump held last-minute rallies and events in swing states, concluding months of campaigning.
On November 4, Harris spent her day in Pennsylvania, starting in Scranton and then speaking in Allentown. She also participated in rallies and concerts in Pittsburgh and Philadelphia with celebrities.
Trump is concentrating his final efforts on three battleground states, making stops in Raleigh, North Carolina; Reading and Pittsburgh, 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 host an election night dinner for top supporters.
Bitcoin prices are expected to be volatile before the U.S. elections.
Bitcoin prices experienced a significant pullback of 8% between October 29 and November 3, briefly falling to $67,446 over the weekend. Although the market structure remains bullish, traders expect volatility to increase 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 caution that voters heading to polling stations on November 5 should be prepared for possible 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, long lines during peak hours, and potential power outages.
Officials also noted that the results on election night are preliminary, as the official tally will include all ballots cast over the next few days and weeks—whether in-person, by mail, or by military and overseas voters. Close races may require recounts or audits to confirm accuracy, urging the public to remain patient.
Donald Trump vs. Kamala Harris on cryptocurrency regulation.
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 once held a skeptical view of cryptocurrency, is now positioning himself as a staunch advocate. He has expressed support for making the U.S. 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 pro-crypto voters.
On the other hand, Kamala Harris finally broke her silence on cryptocurrency at a Wall Street fundraising event in September, making her first public statement on the industry. She pledged to provide a 'safe business environment and consistent and transparent rules' for emerging tech industries such as artificial intelligence and digital assets.
Since receiving the nomination, her advisors have engaged with major cryptocurrency companies to discuss rules favorable to the industry, indicating a willingness to engage with cryptocurrency leaders.
While Congress will play a key role in establishing clarity around digital asset regulation, the White House is expected to set the tone for how federal agencies handle the industry.
Crypto whales are betting on Trump's victory before the U.S. elections.
On the decentralized prediction market Polymarket, some mysterious entities control the majority of votes for Donald Trump, with millions betting on the election on November 5. Five major investors or 'whales' hold over 50% of Trump's shares, and if he wins, they could earn over $81 million in total dividends.
Source: Polymarket
When can we know who the winner is?
Americans are unlikely to know the winner of the presidential race on the night of November 5, as tight contests in key swing states may delay the final outcome by several days. For example, Joe Biden's victory in 2020 was not announced until four days after the election.
Seven states are considered battlegrounds this year: Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin. The margins in these states are expected to be very close, potentially delaying the final counting time.
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 faster outcomes this year.
Source: a16z's (2024 Cryptocurrency Status) report
A guide for crypto voters on the 2024 election congressional legislation
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.
U.S. elections versus Federal Reserve rate cuts.
As the U.S. presidential election week approaches, Bitcoin will compete 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 end campaigning before election day.
The 2024 U.S. elections are underway, with millions of Americans having voted early. This year's election could lead to significant policy shifts, 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 facing risks.
Key issues such as the economy, immigration, and cryptocurrency regulation are becoming focal points of concern, making this election particularly important for the future of digital finance and innovation.
