Republican

United

Impact

Donald Trump

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/market-players-anticipate-impact-of-upcoming-presidential-election-results/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Market Players Anticipate Impact of Upcoming Presidential Election Results</a> 
The upcoming presidential election in the United States has heightened tensions in both political and financial markets. While prediction platforms indicate a 55% chance of Republican candidate Donald Trump returning to the presidency, this figure has notably dropped from 66% just a week ago. Platforms like Polymarket show that these odds align closely with recent poll results.
<h2 style="text-align: justify" id="strong-increased-activity-in-the-options-market-strong">Increased Activity in the Options Market</h2>
Throughout the weekend, sideways price movements and a decrease in the total size of positions in futures markets, dropping from $30 billion to $26 billion, led market participants to speculate that they are waiting for the election results.
Growing unease in the <a href="https://en.coin-turk.com/crypto-market-analyst-capo-shares-new-prediction-what-to-expect-in-2023/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/haru-invest-suspends-transactions-a-new-blow-to-cryptocurrency/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> market has also manifested in the options market this week. There is a significant uptick in demand for positions aimed at hitting the $75,000 mark by the end of November. Interest in these positions has surged since Friday.
<h2 style="text-align: justify" id="strong-market-expects-election-results-to-influence-prices-strong">Market Expects Election Results to Influence Prices</h2>
The general expectation within markets is that the results of the 2024 U.S. presidential election will direct market movements. If Trump wins, a sharp rise in cryptocurrency prices is anticipated, while a victory for Democratic candidate Kamala Harris may provoke a negative market reaction. However, it is currently predicted that the market will remain stable within a certain range until the election results are clarified.
<img fetchpriority="high" decoding="async" class="aligncenter size-full wp-image-403443" src="https://coin-turk.com/wp-content/uploads/2024/11/2024-ABD-Baskanlik-Secimleri.jpg" alt="" width="1994" height="1570">
The results of the election and the market’s response to these outcomes are keenly awaited by cryptocurrency investors. With just hours left until November 5, the largest cryptocurrency, Bitcoin (BTC) , has risen by 0.59% to trade at $68,857. Meanwhile, the leading <a href="https://en.coin-turk.com/key-crypto-unlock-events-to-watch-this-week/" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoin</a>, Ethereum (ETH) , has increased by 0.56%, priced at $2,471.
The post <a href="https://en.coin-turk.com/market-players-anticipate-impact-of-upcoming-presidential-election-results/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Market Players Anticipate Impact of Upcoming Presidential Election Results</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Market Players Anticipate Impact of Upcoming Presidential Election Results

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