Republican

Donald Trump

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 <li>Donald Trump has secured victory in the 2024 U.S. presidential election.</li>
 <li>Bitcoin surged over 10%, hitting a new all-time high.</li>
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The Republican candidate, Donald Trump won the 2024 US presidential election race with 248 electoral votes, beating the Democratic candidate, Kamala Harris.&nbsp;
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 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> BREAKING: <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;">Donald Trump officially elected President of the <a href="https://twitter.com/hashtag/UnitedStates?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#UnitedStates</a>! The global <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> market is green today with <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> hitting an all-time high above $75K <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2757.png" alt="❗" class="wp-smiley" style="height: 1em; max-height: 1em;"> With Trump’s pro-crypto stance, industry insiders are optimistic about regulatory support and U.S.… <a href="https://t.co/2CrwQnxDvh" rel="noopener noreferrer nofollow">pic.twitter.com/2CrwQnxDvh</a>— TheNewsCrypto (@The_NewsCrypto) <a href="https://twitter.com/The_NewsCrypto/status/1854055155014250817?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 6, 2024</a>
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The Trump victory has justified the Polymarket <a href="https://polymarket.com/event/presidential-election-winner-2024?tid=1730856873728" target="_blank" rel="noopener noreferrer nofollow">prediction</a>. Over the past 24 hours, the prediction platform revealed the probability of Trump’s victory with 95%, and Kamala Harris trailing at 3.3%. This shift highlights strong market sentiment in favor of Trump. Looking back, both candidates have been racing on the prediction market platform.&nbsp;&nbsp;
<h3 class="wp-block-heading" id="h-someone-profits-while-others-take-a-loss">Someone Profits While Others Take a Loss</h3>
Notably, the three prominent <a href="https://x.com/lookonchain/status/1854057565396885924" target="_blank" rel="noopener noreferrer nofollow">bettors</a> made significant profits as Trump won the presidency. Players like Theo4 earning $20.4M, Fredi9999 gaining $15.6M, and zxgngl securing $11M. These profits highlight the rewards of strategic investments during key market movements.&nbsp;
Meanwhile, the individual who <a href="https://x.com/lookonchain/status/1854047790856650754" target="_blank" rel="noopener noreferrer nofollow">placed</a> a $5 million USDC bet on Kamala Harris facing heavy losses, with a current loss of approximately $4.9 million, a 97.7% drop in value.
Moreover, the preliminary counts indicate that Trump has garnered 95 electoral votes, while Harris has 35. The US election’s Electoral College system mandates that a candidate must secure more than 270 electoral votes to win the presidential race.
The anticipation hovered around the Trump <a href="https://thenewscrypto.com/can-donald-trump-election-win-create-a-bullish-market-in-2025/" target="_blank" rel="noopener noreferrer nofollow">victory</a> has generated confidence in financial markets as his economic policies will bolster the U.S. dollar. Meanwhile, the U.S. Dollar Index rose by 0.8% to 104.27.&nbsp;
Furthermore, as the market speculated, Bitcoin’s <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">price</a> soared by over 10% and the largest crypto asset hit its all-time high (ATH), reaching the $75,000 mark for the first time, amid the elation of Trump’s victory in the US election. The daily trading volume of <a href="https://thenewscrypto.com/bitcoin-hits-new-all-time-high-as-us-election-fuels-bullish-momentum/" target="_blank" rel="noopener noreferrer nofollow">BTC</a> has risen by over 114% to $89.37 billion.
Highlighted Crypto News&nbsp;
<a href="https://thenewscrypto.com/bitcoin-and-dogecoin-flex-big-moves-to-the-2024-us-election-results/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin and Dogecoin Flex Big Moves to the 2024 US Election Results</a>

How Trump’s Win Impacted Predictors on Polymarket?

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TheNewsCrypto

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