Bitcoin hits new all-time high as Trump’s Polymarket odds hit 97%

Share This Post

Bitcoin reached a new all-time high today, hitting $74,870.20, as Donald Trump’s odds of winning the US presidential election surged to 97% on the prediction market. Bitcoin is currently trading at $74,331.55, up 8.61% in the past 24 hours, and its market capitalization now stands at $1.47 trillion.

On Polymarket, Trump’s chances have climbed sharply, with $1.4 billion in volume traded on his contract. In contrast, Kamala Harris’s odds have dropped to 2.9%, with nearly $950 million in volume on her contract.

US Election (Source: Polymarket)
US Election (Source: Polymarket)

The correlation between Bitcoin’s price increase and Trump’s rising election odds suggests investor anticipation of favorable policies toward cryptocurrencies under a potential Trump administration. Trump has indicated support for the crypto industry, differing from current regulatory approaches.

As vote counting continues, market participants are closely monitoring both the election outcomes and Bitcoin’s performance. However, Harris’ team has confirmed she will not be speaking at Howard University tonight while Trump is reportedly en route to a convention center in Florida to address an audience including Elon Musk.

As of press time, Harris still has a mathematical possibility of winning the election through Wisconsin, Michigan, and Pennsylvania. However, Trump leads in all three swing states required for a Harris victory.

Vote counting (Source: AP News)
Vote counting (Source: AP News)

The post Bitcoin hits new all-time high as Trump’s Polymarket odds hit 97% appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Why XLM Surged Nearly 200%: Key Factors Behind Stellar’s Growth

The post Why XLM Surged Nearly 200%: Key Factors Behind Stellar’s Growth appeared first on Coinpedia Fintech News The Stellar market has grown by at least 478057% since November 5 The sharp surge

Coinbase Explores Blockchain Partnership With Kenya’s Safaricom

Coinbase is reportedly exploring a partnership with Safaricom to enhance M-PESA with blockchain technology This move aligns with Coinbase’s broader strategy of promoting crypto adoption in

CatCoin ($CAT) Launches “Trail of the Cat” Airdrop Campaign on Solana

PRESS RELEASE Muscat, Oman, November 25th, 2024, Chainwire CatCoin ($CAT), a deflationary memecoin on Solana, introduced an airdrop campaign catering to its growing community The “Trail of the

Solana, Dogecoin Expected To Take Bronze And Silver For Gains This Bull Run – But Who’s Going To Take Gold?

The post Solana, Dogecoin Expected To Take Bronze And Silver For Gains This Bull Run – But Who’s Going To Take Gold appeared first on Coinpedia Fintech News Solana (SOL) and Dogecoin

ETH Price Forms Massive Bullish Divergence, While New DeFi Platform Hits New Milestone

The post ETH Price Forms Massive Bullish Divergence, While New DeFi Platform Hits New Milestone appeared first on Coinpedia Fintech News Ethereum’s price faces a crucial resistance zone between

Singapore Gulf Bank Seeks $50M Funding and Stablecoin Acquisition in 2025

The post Singapore Gulf Bank Seeks $50M Funding and Stablecoin Acquisition in 2025 appeared first on Coinpedia Fintech News Singapore Gulf Bank, backed by Bahrain’s Mumtalakat Sovereign Wealth