According to BlockBeats, one week after the US elections, the sentiment in the cryptocurrency market remains strong. Polymarket is a prediction market based on the Polygon blockchain, with betting amounts reaching $3.2 billion during the election period. Although betting amounts have decreased after the election, mainstream users still prefer Polymarket. The media refers to it as the largest prediction market and uses it to gauge differences in public opinion before and after the election.
Bitcoin prices hit an all-time high, soaring to $77,000 after the election, approaching $100,000. Altcoins like Solana also surged significantly. The Republican majority in the House and Senate may lead to a more efficient government and promote cryptocurrency legislation. Pro-cryptocurrency Trump may ease regulations. Clear regulations will change the way crypto businesses operate in the US and could spur innovation in the DeFi sector. Overall, there is optimism regarding the direction of the cryptocurrency industry after the election.
