Today's diving, the reason lies here!
Trump's backyard is on fire, if Harris takes over, where will it fall?
Currently, the prediction market's betting rate on Trump has dropped again, down to 55%. The main reason is that Trump's backyard is on fire because a certain poll with a good winning rate shows that the traditionally deep red state of Iowa seems to be turning blue, which is quite surprising.
Currently, Harris's concept dogecoin is surging, while the overall crypto market is experiencing a pullback. We reported on this trend yesterday; Trump's approval rating dropped by 10%, and the key to this election should be in the swing state of Pennsylvania, as whoever wins Pennsylvania wins the world.
So analyzing the market is useless because the real determinant of the trend is the election results, which this Ultraman cannot influence.
However, the good news is that the market is no longer blindly believing in Trump's election; there is already some expectation of his failure, and it has started to decline in advance.
So if Trump really loses, the crypto market shouldn't crash too hard, at most it will soft pullback by 5000, and then slowly rise again as the Federal Reserve loosens its policy.
But! Once Trump wins, Bitcoin will reach 80,000 in a week!
This time both sides have approximately a 50% probability, neither more nor less; we are waiting for a result. I am optimistic about Trump, what about you?