The cryptocurrency market appears to be recovering as former U.S. President Donald Trump leads the presidential election polls. Amid the ongoing election, with Trump as a potential winner, Bitcoin (BTC), the world’s largest cryptocurrency by market cap, has reached $70,000 while breaching the crucial resistance level. Given the notable upside rally, it appears that if …
On Tuesday, the cryptocurrency market displayed mixed movements as investors eagerly awaited the U.S. presidential election outcome. Major cryptocurrencies like Bitcoin, Ethereum, BNB, Solana, and Toncoin saw declines of up to 6%. However, other tokens, including XRP, Dogecoin, Shiba Inu, Polkadot, and NEAR Protocol, experienced gains of up to 10%. Bitcoin’s dominance remains at 60%, …
Tom Lee, managing partner and head of research at Fundstra has shared his positive outlook on the markets heading into 2025, suggesting a rally is likely regardless of the 2024 U.S. election outcome. Speaking to CNBC, Lee noted that election-driven uncertainty has led to a “de-risking” in the market, with investors pulling cash to the …
As the 2024 US presidential election comes down to the wire, the stakes couldn’t be higher for the crypto market. Just a few hours are left before the polling starts. This is a peak moment not just for U.S. politics but for the crypto industry as well. People are watching everything related to this election …
The US is witnessing a crucial presidential election today. This election season has been noteworthy for the active participation of crypto betting platforms like Polymarket. Currently, Polymarket bettors overwhelmingly support Republican candidate Donald Trump over Democratic candidate Kamala Harrris. A recent whale activity on Polymarket has triggered serious discussions regarding the accuracy of Trump’s victory …
Crypto analyst Miles Deutscher believes that memecoins could be the standout performers, regardless of the U.S. election outcome. Deutscher suggests that the unique risk-reward ratio in the memecoin sector makes it a lucrative bet, especially in uncertain political climates. He outlines different scenarios based on potential victories by either Donald Trump or Kamala Harris, explaining …
Joe Rogan, known for his popular podcast and candid takes, has stirred up the political scene. Just before the election, he endorsed Donald Trump—a move that quickly made waves. Trump’s team spotlighted the endorsement as a game-changer, aiming to capture the attention of key voter groups. Why did this matter so much? Let’s break it …
The volatility across the cryptocurrency landscape has skyrocketed ahead of the U.S. election. Amid this, Litecoin (LTC) has reached a make-or-break level that could potentially lead to the liquidation of millions of dollars in traders’ positions. Litecoin (LTC) Technical Analysis and Upcoming Level According to expert technical analysis, Litcoin (LTC) is trading within a bullish …
The US Election news is seen driving volatility throughout the markets. As the market speculates who could be the next President, J.P. Morgan estimates a 60-70% chance of Trump winning the election. It noted that volatility in the G10 currencies has increased leading up to the election, reaching new highs. It also underscored that current …
In a recent post on X, cryptocurrency analyst Jason Pizzino analyzed the potential effects of the upcoming US elections on financial markets, including Bitcoin and the stock market. He indicates that the race is tighter than anticipated, with a clear victory for Donald Trump seeming unlikely. This uncertainty could lead to significant market volatility in …
The U.S. election race is getting tighter. Kamala Harris is gaining on Donald Trump on Polymarket, a blockchain-based betting platform. This shift has sparked interest. Let’s see why this is happening and what it could mean for the upcoming election. Betting Trends Show Trump Losing Momentum Polymarket has seen a jump in activity. Bettors have …
With a gripping race developing between Donald Trump and Kamala Harris, the US Presidential elections are just around the corner. Investors are anxiously watching how the stock markets and crypto markets might turn out. While the market sentiment largely leans on the assumption that a Trump win might turn all the stocks into green and …
As the U.S. presidential election nears, BitMEX founder Arthur Hayes has spotlighted Solana (SOL) as his top pick for trading, predicting that it will outperform other major crypto assets. Hayes, speaking in a recent Unchained YouTube interview, sees Solana as the “high-beta Bitcoin” for election season, emphasizing its volatility and responsiveness to Bitcoin’s moves, making …
In election week, the market may deal with unexpected events often referred to as “black swan” occurrences. In a recent Telegram post, a crypto analyst known as CryptoCapo TG highlighted the risk of a black swan event potentially occurring before the US election, which could lead to an average price drop of 35% for altcoins. …
A French national identified as “Théo” has reportedly placed around $38 million in pro-Trump bets on the prediction market Polymarket, aiming for profit rather than political influence. According to a Wall Street Journal report, Théo used accounts under aliases like Fredi9999 and PrincessCaro, placing substantial wagers on Trump winning both the U.S. Electoral College and …
Polymarket data showed four accounts reportedly controlled by French national ‘Théo’ bet roughly $38 million for Donald Trump to win the US Electoral College and the popular vote.
The Republican presidential candidate reiterated pledges to pardon Ross Ulbricht and for all Bitcoin to be “made in the USA.”
Ahead of the upcoming US Presidential elections, Changpeng Zhao, the co-founder and former CEO of Binance, is hopeful about the future of global crypto regulations. He stated that the cryptocurrency regulations are heading in a promising direction worldwide during his first public speech since his release from prison in the US. The former CEO of …
As American voters continue to elect their government representatives for the next four years, Coinbase Global Inc. (NASDAQ: COIN) has reiterated its commitment to support pro-crypto leaders. Earlier today, Brian Armstrong, Coinbase co-founder and CEO, announced that the company has committed another $25 million for the Fairshake PAC, which has so far raised over $200 …
CEO Brian Armstrong also announced an additional $25 million contribution to the Fairshake PAC for the 2026 midterms “to elect pro-crypto candidates.”
Having contributed roughly $12 million to PACs supporting Kamala Harris, Chris Larsen said he hoped to see “bipartisan support and weight” for crypto in government starting in 2025.
The Fairshake PAC reported to the FEC spending more than $760,000 on a media buy supporting Wisconsin Representative Bryan Steil, running for reelection in 2024.
The Defend American Jobs political action committee has spent more than $40 million on media buys supporting businessman Bernie Moreno’s Senate run.
The platform said it was “committed to democratizing finance for all,” but would not endorse either the Democratic or Republican candidate in 2024.
With the U.S. presidential election just a week away, the odds increasingly favor Republican candidate Donald Trump, who is projected to win over Democratic rival Kamala Harris. Predictions from sources like Polymarket suggest the electorate is leaning towards Trump. But how could a Trump victory impact different markets, especially crypto? Ethereum traders, in particular, are …
Ted Cruz, representing Texas in the US Senate since 2013, has received millions in support from the crypto industry but is still at risk of losing his seat to Colin Allred.
As Americans gear up for the elections, the digital dollar comes back into focus. What roles will a CBDC and stablecoins play in shaping the future of the US economy?
Elon Musk has donated at least $132 million to support Donald Trump and other Republicans ahead of the 2024 election, including an additional $56 million in recent weeks. Disclosures reveal his super PAC, America PAC, is focused on boosting voter turnout in crucial battleground states. Musk has also allocated funds to other GOP initiatives, such …
Representative Summer Lee took aim at crypto-backed Super PACs funding media buys that could have contributed to two Democratic lawmakers losing their primaries.
Brad Garlinghouse and other crypto executives have directly contributed to John Deaton’s Senate run, and Ripple has funded one of the PACs supporting him.