Bitcoin

President Trump

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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/trumps-election-odds-decline-impacting-crypto-market-activity/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Trump’s Election Odds Decline, Impacting Crypto Market Activity</a> 
According to Polymarket data, Donald Trump’s chances of winning the presidency dropped by 4.5% just three days before the results were announced. This decline coincided with a noticeable pause in directional movements within the broader <a href="https://en.coin-turk.com/swiss-central-bank-cuts-interest-rates-crypto-prices-surge/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/individual-investors-drive-increased-demand-in-the-crypto-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> market, including Bitcoin and altcoins.
<h2 id="trump-s-majority-decreases-in-some-states">Trump’s Majority Decreases in Some States</h2>
Last week, former President Trump had a victory probability exceeding 60%, according to Polymarket data. However, by Friday night, this percentage saw a 4-point drop. Currently, Trump’s advantage stands at 58.1%, indicating a 16-point lead over his opponent, Kamala Harris.
Kamala Harris is making gains against Trump in Wisconsin and Michigan. Nevertheless, Trump maintains a strong lead in states such as Arizona, Pennsylvania, Nevada, and Georgia. Polymarket commented on this situation, stating:
<blockquote>
 “In Arizona, Trump leads with 76%, while Harris has 24%.”
</blockquote>
<h2 id="pause-in-bitcoin-and-altcoin-activity">Pause in Bitcoin and Altcoin Activity</h2>
After rising to $73,000 at the beginning of the week, Bitcoin prices fell below $70,000 by the end of October. The correction occurred yesterday, causing similar declines in altcoins such as ETH, SOL, and XRP. An analyst named Checkmatey noted:
<blockquote>
 “Bitcoin speculators are shifting towards leveraged futures ahead of the upcoming U.S. elections.”
</blockquote>
The BlackRock Bitcoin ETF, IBIT, has gained attention with total inflows exceeding $26 billion over the past two weeks. Approximately 180,000 BTC held by long-term owners have transitioned to significant ETF buyers, reducing risks. Meanwhile, Ethereum ‘s price has fallen below $2,500, leading some traders to anticipate further declines. However, if ETH maintains its support, a recovery may be possible.
In conclusion, Donald Trump’s declining election odds have created uncertainty in the <a href="https://en.coin-turk.com/coinlist-crypto-exchange-pays-1-2-million-fine-to-settle-sanctions-violation-accusations/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a>. As investors reassess their strategies based on the election results, Bitcoin and altcoins are being affected by these developments. As market fluctuations continue, it may be beneficial for investors to remain cautious.
The post <a href="https://en.coin-turk.com/trumps-election-odds-decline-impacting-crypto-market-activity/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Trump’s Election Odds Decline, Impacting Crypto Market Activity</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Trump’s Election Odds Decline, Impacting Crypto Market Activity

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