Bitcoins value plummets to 68000
New Polymarket data reveals that Republican presidential candidate Donald Trump’s lead over his Democratic rival, Vice President Kamala Harris, has diminished but remains strong. Trump’s chances have dropped from 66.9% to 54%, while Harris has seen a significant increase from 33.5% to 46.1%. This shift reflects evolving market sentiment as Election Day, Nov. 5, draws near.
Polymarket, which operates on the Ethereum blockchain, allows users to trade shares in real-world outcomes using the stablecoin USDC. According to the Wall Street Journal, a Polymarket gambler named Théo is betting over $30 million on a Trump victory.
In other news, the latest Des Moines Register/Mediacom poll results favor Harris, with prominent pollster Ann Selzer reporting that Harris leads Trump by three percentage points in Iowa. Harris has 47% support among likely voters compared to Trump’s 44%, a significant change from September’s poll where Trump had a 4-point lead.
The Daily Beast recently released recordings from interviews conducted by author Michael Wolff in 2017 with convicted sex trafficker Jeffrey Epstein, who discussed his friendship with Trump. Epstein passed away in 2019 while awaiting trial in a New York City prison.
As the candidates’ stances on cryptocurrency regulation become more crucial to investors, Trump has emerged as a strong supporter of crypto, while Harris has taken a more measured approach. Ripple co-founder Chris Larsen endorsed Harris with a donation of over $11.8 million, citing her potential to approach crypto differently from President Joe Biden.
With state polls and Polymarket forecasts showing volatility, Bitcoin’s price has reflected the uncertain political climate, dropping to $68,000. The global crypto market cap has also fallen by 1.95% to $2.28 trillion, with Ethereum dropping to the $2,400 level.
As the situation continues to evolve, Binance founder Changpeng Zhao discusses the possibility of returning to the exchange.
