The U.S. presidential election has become a focal point of global attention. November 5th, Eastern Time, is the official voting day for the U.S. presidential election. With the exception of a few congressional district elections, polling stations in Indiana and Kentucky have gradually closed, becoming the first two states to finish voting in the 2024 U.S. presidential election. Due to time zone differences and varying voting cutoff times, the end time for voting varies. Alaska will finish voting at 1 AM Eastern Time on November 6 (2 PM Beijing time on November 6), making it the last state to conclude voting.
The cryptocurrency market has experienced significant volatility. Last night Beijing time, BTC surged from $68,000 to over $70,000, and after fluctuating around the whole number for several hours, it fell back to around $68,000 around 3 AM.
As of around 7:28 AM Beijing time today, after Edison Research released exit polls, the Trump Media Technology Group (DJT.O) saw its stock rise continuously in after-hours trading, surging over 6.5% at one point. Around 8 AM, the Associated Press reported that Harris won Vermont, while Trump won Indiana and Kentucky. Subsequently, BTC broke through $70,000 again. A few minutes later, at 8:32 AM, the Associated Press reported once more that Trump won West Virginia, and upon this news, the Trump Media Technology Group (DJT.O) saw a 30% surge in after-hours trading.
Currently, Bitcoin has risen above $71,000, and the cryptocurrency market is experiencing a broad rally. Ethereum has increased from around $2,300 to approximately $2,500, SOL has risen from $160 to around $170, and many altcoins are seeing a welcome rebound after a significant correction in recent days. ENA has surged over 13% in the last 24 hours, now around $0.37, while DOGE has increased over 12% in the last 24 hours, now above $0.18.
In terms of contract data, due to market participants proactively reducing leverage before the election, and significant leverage liquidations due to market volatility, the liquidation data is not particularly huge. According to coinglass data, the total liquidation across the network in the past 24 hours amounted to $214 million, with short liquidations totaling $140 million.
It is worth mentioning that after Trump's winning probability increased, related MEME tokens have seen significant rises, with TRUMP up over 16% in the last 24 hours, PAC up over 113%, MAGA up over 19%, and PEOPLE up over 14%.
As of 9 AM Beijing time, polling stations in 16 states and Washington D.C. have gradually closed. According to the Associated Press, Republican presidential candidate Trump has won Alabama, Mississippi, South Carolina, Oklahoma, Florida, and Tennessee, totaling 95 electoral votes. Democratic candidate Harris has won Massachusetts, Connecticut, Maryland, Rhode Island, and Washington D.C., totaling 35 electoral votes.
Vote counting and voting activities in some states are still ongoing, and more important election results will be announced in the coming hours.
As of 9:46 AM, Polymarket data shows that the market predicts the probability of Trump winning the U.S. presidential election has risen above 70%, while Harris's probability has fallen below 30%.
Trump himself stated around 9 AM today that if he wins Pennsylvania, he wins the entire election, saying that the "biggest issue" is whether he can gain more support in Philadelphia, which has always been a stronghold for the Democrats.
As of 10 AM Beijing time, polling stations in 32 states and Washington D.C. have gradually closed. The Associated Press predicts that Republican presidential candidate Trump has received 120 electoral votes, while Democratic candidate Harris has received 99 electoral votes.
