Republican

2024

BlackRock

<p><a href="https://captainaltcoin.com/?s=Election&amp;post_type=post" target="_blank" rel="noopener noreferrer nofollow">The 2024 U.S. presidential election</a> between Republican Donald Trump and Democrat Kamala Harris has heightened volatility across global markets, with crypto at the center. Both candidates have hinted at crypto-friendly policies, but their differing approaches have sparked debates and movements within the industry.&nbsp;</p>
<p>The race’s tight nature and potential delays in result announcements only amplify market tension. As Election Day unfolds, key players in crypto are already making moves, with tokens like Bitcoin and Solana experiencing shifts that underscore the current landscape.</p>
<h2 class="wp-block-heading" id="strong-trump-and-harris-campaigns-boost-interest-in-crypto-strong"><strong>Trump and Harris Campaigns Boost Interest in Crypto</strong></h2>
<p>Donald Trump’s pro-crypto stance, outlined in a July speech at Bitcoin 2024 in Nashville, includes promises that appeal directly to crypto advocates. Trump suggested forming a national Bitcoin reserve and establishing a dedicated presidential council on crypto regulation.&nbsp;</p>
<p>Additionally, he has pledged to replace current SEC leadership with more crypto-supportive figures. In an unusual move, Trump’s sons recently launched a crypto exchange, World Liberty Financial, further signaling the family’s commitment to digital assets.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9d0.png" alt="🧐" class="wp-smiley" style="height: 1em; max-height: 1em;"> The US will be revealing its next president in the coming days, and crypto markets are in a holding pattern. Our latest insight takes a deep look at crypto stances by both Trump and Harris, and how prices have fluctuated after previous elections. <a href="https://t.co/n26Qv9SiCy" target="_blank" rel="noopener noreferrer nofollow">https://t.co/n26Qv9SiCy</a> <a href="https://t.co/9Me1cEo7ti" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/9Me1cEo7ti</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1853673229719605588?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 5, 2024</a>
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<p>Kamala Harris has also shown interest in digital asset innovation, especially in consumer-focused regulation. In September, she expressed her support for advancing technology like <a class="wpil_keyword_link" href="https://captainaltcoin.com/best-ai-crypto-projects/" title="AI" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">AI</a> and blockchain, pledging to protect investors while fostering innovation.&nbsp;</p>
<p><a href="https://www.nbcnews.com/politics/2024-election/live-blog/election-2024-trump-harris-live-updates-rcna178430" target="_blank" rel="noopener noreferrer nofollow">Harris’s campaign actively</a> engaged with crypto industry leaders to discuss the role of blockchain, underscoring her commitment to balanced, consumer-centered regulation. Her stance, however, appears less aggressive than Trump’s in terms of implementation, with a more gradual approach to industry integration.</p>
<h2 class="wp-block-heading" id="strong-market-activity-surrounding-bitcoin-and-solana-strong"><strong>Market Activity Surrounding Bitcoin and Solana</strong></h2>
<p>Market dynamics reveal increased activity around Bitcoin and Solana amid the election buzz. BlackRock, one of the largest institutional investors, has <a href="https://www.cointribune.com/en/why-is-blackrock-betting-2-4-billion-on-bitcoin-amid-uncertainty/" target="_blank" rel="noopener noreferrer nofollow">reportedly acquired additional Bitcoin</a> valued at around $2.4 billion, marking a growing institutional interest in digital assets as a potential hedge against political uncertainty.&nbsp;</p>
<p>Similarly, Semler has invested $3 million into Bitcoin, underscoring its perceived stability in volatile times. <a href="https://captainaltcoin.com/why-is-solana-sol-price-gaining-momentum-key-insights-explored/" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL)</a> has also seen remarkable growth, with its monthly active address count reportedly growing tenfold year-over-year.&nbsp;</p>
<p>This growth is partially attributed to the popularity of <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coins and payment applications built on the Solana network, signaling a broadening user base.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr">Daily Market Watch <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Today might be the most volatile day as we witness the election of the 47th US president: <br><br>But before that, we have some exciting updates for you below:<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/27a1.png" alt="➡" class="wp-smiley" style="height: 1em; max-height: 1em;">Trending Coins <br><br>• <a href="https://twitter.com/search?q=%24MAGA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MAGA</a> (<a href="https://twitter.com/MAGAMemecoin?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@magamemecoin</a>) <br>• <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DOGE</a> (<a href="https://twitter.com/dogecoin?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@dogecoin</a>) <br>• <a href="https://twitter.com/search?q=%24TROY&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TROY</a> (<a href="https://twitter.com/TROY_DAO?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@TROY_DAO</a>) <br><br>– <a href="https://twitter.com/search?q=%24MAGA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MAGA</a>… <a href="https://t.co/DEmtQdvxBQ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/DEmtQdvxBQ</a></p>— Mikybull <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f402.png" alt="🐂" class="wp-smiley" style="height: 1em; max-height: 1em;">Crypto (@MikybullCrypto) <a href="https://twitter.com/MikybullCrypto/status/1853650588300402813?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 5, 2024</a>
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<h2 class="wp-block-heading" id="strong-memecoins-and-market-trends-amid-election-day-strong"><strong>Memecoins and Market Trends Amid Election Day</strong></h2>
<p>On the eve of the election, memecoins like $MAGA, $DOGE, and $TROY have shown notable movements. $MAGA, inspired by Trump’s campaign, saw a steep 50% decline in the weeks leading up to the election, likely due to speculative trading tied to Trump’s prospects.&nbsp;</p>
<p>Meanwhile, $DOGE continues to benefit from its association with Elon Musk, who has publicly voiced his support for Trump. $TROY, gaining traction through a meme and AI narrative, aims to bring mainstream applications to its ecosystem, contributing to its steady rise.&nbsp;</p>
<p>These tokens showcase the varying impacts of political sentiment and hype cycles on individual crypto assets.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/dogecoin-doge-could-spike-to-1-if-trump-wins-the-election-heres-why/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Dogecoin (DOGE) Could Spike to $1 If Trump Wins the Election: Here’s Why</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-broader-crypto-developments-and-institutional-moves-strong"><strong>Broader Crypto Developments and Institutional Moves</strong></h2>
<p>As traditional markets adapt to crypto trends, notable developments continue across various projects and states. OpenSea, a popular NFT marketplace, plans to release a new version in December, spurring speculation about its potential influence on the NFT sector.&nbsp;</p>
<p>Besides, Michigan has become the first U.S. state to have its pension fund invest in Ethereum, <a href="https://news.bitcoin.com/michigan-pension-fund-invests-10-million-in-grayscales-ethereum-etfs/" target="_blank" rel="noopener noreferrer nofollow">buying shares of Grayscale’s Ethereum Trust</a>. Meanwhile, Mantle’s ecosystem is growing through new yield opportunities, pushing its TVL to record levels.&nbsp;</p>
<p>Additionally, after a hack in 2023, Euler Finance recently relaunched with added features, offering incentives to users on its upgraded platform.</p>
<p>With the Fear and Greed Index sliding from 77 to 70, market sentiment appears to be cooling off slightly, even as crypto assets remain on edge during the election period.&nbsp;</p>
<p>Although altcoins have generally lagged, institutional interest in Bitcoin remains strong, signaling potential long-term growth for key players regardless of the election outcome.</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/us-election-2024-triggers-crypto-market-shake-up-blackrock-accumulates-bitcoin-sol-hits-10x-growth-and-more/" rel="noopener noreferrer nofollow">US Election 2024 Triggers Crypto Market Shake-up: BlackRock Accumulates Bitcoin, SOL Hits 10x Growth and More</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

US Election 2024 Triggers Crypto Market Shake-up: BlackRock Accumulates Bitcoin, SOL Hits 10x Growth and More

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