Trump and Musk teamed up to build momentum for the 2024 US presidential election. On October 5, Trump returned to Butler County, Pennsylvania, where he had been nearly shot, to give a speech. Musk expressed his support on the spot, praised Trump's perseverance, and mocked the current President Biden.
Musk called on the public to vote actively and changed his Twitter avatar to an element of the US election. According to Polymarket's forecast, Trump's chance of winning has risen to 51%, exceeding Harris's 48%. This move may be good for the crypto market, and it is expected to usher in gains at the end of the year.
Bitcoin failed to continue yesterday's upward trend and is currently stagnant. Bitcoin was affected by the risk aversion caused by the rise in US Treasury bond interest rates.
There is still uncertainty in the crypto asset market, and the market direction is expected to be affected by a variety of factors. It is recommended that everyone pay attention to the release of the US September CPI and geopolitical risks.
The current fear and greed index remains neutral, and market participants tend to buy when prices fall.
