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Bitcoin Bitcoin (BTC) $119,148.01 ↑ 0.94%
Ethereum Ethereum (ETH) $3,831.03 ↑ 2.81%
XRP XRP (XRP) $3.19 ↑ 0.36%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.02%
BNB BNB (BNB) $824.29 ↑ 5.78%
Solana Solana (SOL) $187.29 ↑ 0.83%
USDC USDC (USDC) $1.00 ↓ -0.02%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 0.83%
TRON TRON (TRX) $0.32 ↓ -0.05%
Cardano Cardano (ADA) $0.82 ↓ -0.62%
Sui Sui (SUI) $4.32 ↑ 2.04%
Hyperliquid Hyperliquid (HYPE) $43.42 ↓ -0.74%
Stellar Stellar (XLM) $0.44 ↑ 0.34%
Chainlink Chainlink (LINK) $18.91 ↑ 3.44%
Hedera Hedera (HBAR) $0.29 ↑ 0.94%
Bitcoin Cash Bitcoin Cash (BCH) $600.85 ↑ 8.11%
Avalanche Avalanche (AVAX) $25.29 ↑ 2.82%
Litecoin Litecoin (LTC) $113.92 ↑ 0.23%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↓ -0.09%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 0.19%
Toncoin Toncoin (TON) $3.34 ↑ 1.18%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.00%
Uniswap Uniswap (UNI) $10.74 ↑ 3.03%
Polkadot Polkadot (DOT) $4.17 ↑ 1.21%
Monero Monero (XMR) $321.80 ↑ 0.21%
Bitget Token Bitget Token (BGB) $4.62 ↑ 1.65%
Dai Dai (DAI) $1.00 ↓ -0.01%
Pepe Pepe (PEPE) $0.00 ↑ 0.96%
Aave Aave (AAVE) $298.52 ↑ 1.54%
Cronos Cronos (CRO) $0.14 ↓ -0.18%
Ethena Ethena (ENA) $0.66 ↑ 15.39%
Bittensor Bittensor (TAO) $431.95 ↑ 0.60%
NEAR Protocol NEAR Protocol (NEAR) $2.91 ↑ 1.33%
Ethereum Classic Ethereum Classic (ETC) $22.97 ↑ 0.96%
Pi Pi (PI) $0.44 ↑ 0.21%
Ondo Ondo (ONDO) $1.04 ↓ -0.83%
Aptos Aptos (APT) $4.83 ↑ 0.22%
Internet Computer Internet Computer (ICP) $5.73 ↑ 1.43%
OKB OKB (OKB) $48.41 ↑ 0.61%
Kaspa Kaspa (KAS) $0.11 ↑ 6.59%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 5.48%
Mantle Mantle (MNT) $0.82 ↑ 4.59%
Bonk Bonk (BONK) $0.00 ↑ 0.36%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 1.55%
Algorand Algorand (ALGO) $0.28 ↑ 2.25%
Arbitrum Arbitrum (ARB) $0.45 ↑ 0.82%
VeChain VeChain (VET) $0.03 ↑ 0.35%
Render Render (RENDER) $4.27 ↑ 1.32%
GateToken GateToken (GT) $17.96 ↑ 1.37%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.02%
Worldcoin Worldcoin (WLD) $1.20 ↑ 3.57%
Sky Sky (SKY) $0.10 ↑ 2.26%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.26 ↑ 0.72%
Sei Sei (SEI) $0.34 ↓ -0.90%
SPX6900 SPX6900 (SPX) $2.08 ↑ 5.56%
Cosmos Cosmos (ATOM) $4.80 ↑ 1.44%
Filecoin Filecoin (FIL) $2.71 ↑ 1.97%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.74 ↑ 0.33%
Flare Flare (FLR) $0.03 ↑ 3.20%
Jupiter Jupiter (JUP) $0.58 ↑ 5.08%
Story Story (IP) $5.43 ↓ -2.56%
Quant Quant (QNT) $127.57 ↑ 4.91%
Injective Injective (INJ) $15.29 ↑ 5.98%
KuCoin Token KuCoin Token (KCS) $11.57 ↓ -0.14%
XDC Network XDC Network (XDC) $0.09 ↑ 0.23%
Celestia Celestia (TIA) $2.01 ↑ 3.79%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.01%
Curve DAO Token Curve DAO Token (CRV) $1.05 ↑ 0.50%
Fartcoin Fartcoin (FARTCOIN) $1.35 ↑ 1.44%
Four Four (FORM) $3.51 ↑ 3.13%
Stacks Stacks (STX) $0.84 ↑ 4.13%
Optimism Optimism (OP) $0.73 ↑ 1.10%
FLOKI FLOKI (FLOKI) $0.00 ↑ 2.42%
Ethereum Name Service Ethereum Name Service (ENS) $30.97 ↑ 3.33%
Immutable Immutable (IMX) $0.59 ↑ 4.21%
dogwifhat dogwifhat (WIF) $1.10 ↑ 3.55%
The Graph The Graph (GRT) $0.11 ↑ 3.47%
PancakeSwap PancakeSwap (CAKE) $3.04 ↑ 10.10%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.59 ↑ 1.01%
Kaia Kaia (KAIA) $0.17 ↑ 2.02%
Lido DAO Lido DAO (LDO) $1.12 ↑ 4.20%
Sonic Sonic (S) $0.34 ↑ 0.09%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -5.17%
PAX Gold PAX Gold (PAXG) $3,356.44 ↑ 0.04%
Conflux Conflux (CFX) $0.18 ↓ -1.39%
Tezos Tezos (XTZ) $0.89 ↑ 0.06%
Vaulta Vaulta (A) $0.58 ↑ 1.46%
Theta Network Theta Network (THETA) $0.91 ↑ 3.10%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.03%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 1.06%
IOTA IOTA (IOTA) $0.22 ↑ 2.13%
Nexo Nexo (NEXO) $1.32 ↑ 0.41%
Raydium Raydium (RAY) $3.10 ↑ 1.40%
Tether Gold Tether Gold (XAUt) $3,346.18 ↓ 0.00%
The Sandbox The Sandbox (SAND) $0.32 ↑ 2.60%
Gala Gala (GALA) $0.02 ↑ 1.39%
Pyth Network Pyth Network (PYTH) $0.14 ↑ 4.24%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↑ 0.31%
Pendle Pendle (PENDLE) $4.41 ↑ 0.28%
Jito Jito (JTO) $2.01 ↑ 2.04%
Bitcoin Bitcoin (BTC) $119,148.01 ↑ 0.94%
Ethereum Ethereum (ETH) $3,831.03 ↑ 2.81%
XRP XRP (XRP) $3.19 ↑ 0.36%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.02%
BNB BNB (BNB) $824.29 ↑ 5.78%
Solana Solana (SOL) $187.29 ↑ 0.83%
USDC USDC (USDC) $1.00 ↓ -0.02%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 0.83%
TRON TRON (TRX) $0.32 ↓ -0.05%
Cardano Cardano (ADA) $0.82 ↓ -0.62%
Sui Sui (SUI) $4.32 ↑ 2.04%
Hyperliquid Hyperliquid (HYPE) $43.42 ↓ -0.74%
Stellar Stellar (XLM) $0.44 ↑ 0.34%
Chainlink Chainlink (LINK) $18.91 ↑ 3.44%
Hedera Hedera (HBAR) $0.29 ↑ 0.94%
Bitcoin Cash Bitcoin Cash (BCH) $600.85 ↑ 8.11%
Avalanche Avalanche (AVAX) $25.29 ↑ 2.82%
Litecoin Litecoin (LTC) $113.92 ↑ 0.23%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↓ -0.09%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 0.19%
Toncoin Toncoin (TON) $3.34 ↑ 1.18%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.00%
Uniswap Uniswap (UNI) $10.74 ↑ 3.03%
Polkadot Polkadot (DOT) $4.17 ↑ 1.21%
Monero Monero (XMR) $321.80 ↑ 0.21%
Bitget Token Bitget Token (BGB) $4.62 ↑ 1.65%
Dai Dai (DAI) $1.00 ↓ -0.01%
Pepe Pepe (PEPE) $0.00 ↑ 0.96%
Aave Aave (AAVE) $298.52 ↑ 1.54%
Cronos Cronos (CRO) $0.14 ↓ -0.18%
Ethena Ethena (ENA) $0.66 ↑ 15.39%
Bittensor Bittensor (TAO) $431.95 ↑ 0.60%
NEAR Protocol NEAR Protocol (NEAR) $2.91 ↑ 1.33%
Ethereum Classic Ethereum Classic (ETC) $22.97 ↑ 0.96%
Pi Pi (PI) $0.44 ↑ 0.21%
Ondo Ondo (ONDO) $1.04 ↓ -0.83%
Aptos Aptos (APT) $4.83 ↑ 0.22%
Internet Computer Internet Computer (ICP) $5.73 ↑ 1.43%
OKB OKB (OKB) $48.41 ↑ 0.61%
Kaspa Kaspa (KAS) $0.11 ↑ 6.59%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 5.48%
Mantle Mantle (MNT) $0.82 ↑ 4.59%
Bonk Bonk (BONK) $0.00 ↑ 0.36%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 1.55%
Algorand Algorand (ALGO) $0.28 ↑ 2.25%
Arbitrum Arbitrum (ARB) $0.45 ↑ 0.82%
VeChain VeChain (VET) $0.03 ↑ 0.35%
Render Render (RENDER) $4.27 ↑ 1.32%
GateToken GateToken (GT) $17.96 ↑ 1.37%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.02%
Worldcoin Worldcoin (WLD) $1.20 ↑ 3.57%
Sky Sky (SKY) $0.10 ↑ 2.26%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.26 ↑ 0.72%
Sei Sei (SEI) $0.34 ↓ -0.90%
SPX6900 SPX6900 (SPX) $2.08 ↑ 5.56%
Cosmos Cosmos (ATOM) $4.80 ↑ 1.44%
Filecoin Filecoin (FIL) $2.71 ↑ 1.97%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.74 ↑ 0.33%
Flare Flare (FLR) $0.03 ↑ 3.20%
Jupiter Jupiter (JUP) $0.58 ↑ 5.08%
Story Story (IP) $5.43 ↓ -2.56%
Quant Quant (QNT) $127.57 ↑ 4.91%
Injective Injective (INJ) $15.29 ↑ 5.98%
KuCoin Token KuCoin Token (KCS) $11.57 ↓ -0.14%
XDC Network XDC Network (XDC) $0.09 ↑ 0.23%
Celestia Celestia (TIA) $2.01 ↑ 3.79%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.01%
Curve DAO Token Curve DAO Token (CRV) $1.05 ↑ 0.50%
Fartcoin Fartcoin (FARTCOIN) $1.35 ↑ 1.44%
Four Four (FORM) $3.51 ↑ 3.13%
Stacks Stacks (STX) $0.84 ↑ 4.13%
Optimism Optimism (OP) $0.73 ↑ 1.10%
FLOKI FLOKI (FLOKI) $0.00 ↑ 2.42%
Ethereum Name Service Ethereum Name Service (ENS) $30.97 ↑ 3.33%
Immutable Immutable (IMX) $0.59 ↑ 4.21%
dogwifhat dogwifhat (WIF) $1.10 ↑ 3.55%
The Graph The Graph (GRT) $0.11 ↑ 3.47%
PancakeSwap PancakeSwap (CAKE) $3.04 ↑ 10.10%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.59 ↑ 1.01%
Kaia Kaia (KAIA) $0.17 ↑ 2.02%
Lido DAO Lido DAO (LDO) $1.12 ↑ 4.20%
Sonic Sonic (S) $0.34 ↑ 0.09%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -5.17%
PAX Gold PAX Gold (PAXG) $3,356.44 ↑ 0.04%
Conflux Conflux (CFX) $0.18 ↓ -1.39%
Tezos Tezos (XTZ) $0.89 ↑ 0.06%
Vaulta Vaulta (A) $0.58 ↑ 1.46%
Theta Network Theta Network (THETA) $0.91 ↑ 3.10%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.03%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 1.06%
IOTA IOTA (IOTA) $0.22 ↑ 2.13%
Nexo Nexo (NEXO) $1.32 ↑ 0.41%
Raydium Raydium (RAY) $3.10 ↑ 1.40%
Tether Gold Tether Gold (XAUt) $3,346.18 ↓ 0.00%
The Sandbox The Sandbox (SAND) $0.32 ↑ 2.60%
Gala Gala (GALA) $0.02 ↑ 1.39%
Pyth Network Pyth Network (PYTH) $0.14 ↑ 4.24%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↑ 0.31%
Pendle Pendle (PENDLE) $4.41 ↑ 0.28%
Jito Jito (JTO) $2.01 ↑ 2.04%
Home Politics

Trump’s Win Probability Drops: How Bitcoin Reacted

Lois Zaytsaw by Lois Zaytsaw
2 November 2024
in Politics, Cryptocurrency, News
Reading Time: 2 mins read
0
Bitcoin reacting to U.S. election uncertainty featuring symbols for Bitcoin and the American flag subtly integrated in the backg

As the U.S. presidential election nears, a decline in Donald Trump’s chances of winning has led to a slowdown in the Bitcoin and altcoin markets. Amid rising election uncertainty, investors are approaching the market with caution, wary of potential volatility. According to Polymarket data, Trump’s winning odds have decreased by 4.5%, now standing at 58.1%. In response, Bitcoin and altcoins remain largely directionless as investors wait for clearer signals.

Qubetics is 728x90 1 1

Table of Contents

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    • Turbo Was the Starter, But Troller Cat Might Be the Main Course for Meme Coin Profits
  • Election Uncertainty Weighs on the Crypto Market
  • Large-Scale Bitcoin Sales and ETF Trends

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Election Uncertainty Weighs on the Crypto Market

Last week, Trump held a solid lead with over 60% winning probability. However, Democratic candidate Kamala Harris has gained strength in Wisconsin and Michigan, while Trump maintains leads in Arizona, Pennsylvania, Nevada, and Georgia. This shifting landscape has raised concerns among crypto investors.

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The U.S. election is attracting significant international interest as well. According to The Wall Street Journal, a French investor with a banking background in the U.S. has placed a $38 million bet on Trump’s victory, hoping to earn over $80 million if Trump wins. However, a Harris win could mean a substantial loss for this investor.

Bitcoin’s price recently dropped from its peak of $73,000 to below $70,000, a decline mirrored in Ethereum (ETH), Solana (SOL), and Ripple (XRP). Many investors are now taking speculative positions in futures ahead of the election outcome.

SCR 20241102 kolf

Large-Scale Bitcoin Sales and ETF Trends

Data shows that long-term holders sold 180,000 BTC to large ETF buyers, and net inflows to spot Bitcoin ETFs turned negative following Trump’s declining win probability. Ethereum’s price dipped below $2,500, sparking concerns among investors. Analyst Peter Brandt warns of further downside risks for ETH, though he believes a recovery is possible if support at $2,480 holds. Until election results are finalized, market uncertainty is expected to continue.

Tags: altcoinbitcoinDonald Trumpelection uncertaintyethereum
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Lois Zaytsaw

Lois Zaytsaw

Content Editor, News Meet Lois, a dynamic Crypto, Blockchain, and Finance Writer/Journalist based in the bustling metropolis of New York City. With a passion for technology and a keen understanding of finance, Lois has been covering the latest developments in the world of cryptocurrency and blockchain for several years. Her insightful articles have been featured in numerous leading publications, including The Wall Street Journal, Bloomberg, and CryptoBriefing. Lois' fascination with blockchain and cryptocurrency began during her time as a student at university, where she studied economics and computer science. She was drawn to the disruptive potential of blockchain technology to revolutionize the traditional financial industry, and since then, she has been following the latest trends and innovations in the space.

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