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Cryptocurrency News Articles
This live blog is being actively updated with the latest updates from the US Elections 2024.
Nov 05, 2024 at 12:02 am
Crypto whales bet big on Trump win ahead of US election. A few mysterious entities are controlling the majority of “Yes” votes for Donald Trump.
This live blog is being actively updated with the latest updates from the US Elections 2024.
Crypto whales bet big on Trump win ahead of US election
A few mysterious entities are controlling the majority of “Yes” votes for Donald Trump on the decentralized prediction market Polymarket, as millions are wagered on the Nov. 5 election. Five large investors, or “whales,” hold over 50% of Trump shares, potentially earning them a combined payout of over $81 million if he wins.
Seven states are considered battlegrounds this year: Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin. These states are expected to have close margins, which could delay the final count.
Bitcoin (BTC) heads into US Presidential Election week with its own battle for $69,000, with macroeconomic events and network fundamentals likely adding volatility to crypto markets. The cryptocurrency price is trading north of $62,200 to start the week.
The 2024 US elections are underway, with millions of Americans already casting their ballots through early voting. This year’s election could lead to major policy shifts, with all 435 seats in the House and 34 Senate seats on the line, alongside the presidential race between Vice President Kamala Harris and former President Donald Trump.
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