Cointime

Cointime

Download App
iOS & Android
Home / Point

Trump's election may set off a Bitcoin market boom, with odds and prediction platforms suggesting a higher chance of winning

On November 5th, according to data from the decentralized prediction market platform Polymarket, former President Trump's probability of winning the 2024 US election has risen to 61.8%. Polymarket reflects market expectations for various events through user betting. Unlike traditional polls, these platforms pay more attention to changes in capital flows and market sentiment, and have attracted more than $3 billion in real money support, becoming an effective reference for analyzing political situations and more persuasive. Currently, Trump's election odds are 1.57, while Harris's are 2.5. These odds reflect the difference in global market confidence in the two candidates winning, and also suggest that Trump is highly likely to win!

Trump's election as US president will have a significant impact on the Bitcoin market. With Trump's high probability of winning, because he promised to use Bitcoin as a strategic reserve of the country, the net inflow of Bitcoin ETFs has reached $2.3 billion in the past week, indicating the market's optimism for Trump's election and Bitcoin. His victory will bring great impetus and strong positive news to Bitcoin!

Several senior market analysts have said that the best time to enter the market is when the election has no result! Market volatility intensifies and investment needs to remain rational.

Comments

All Comments

Recommended for you

  • MoonPay Acquires Crypto Security Startup Sodot for $100 Million in All-Stock Deal

    MoonPay has announced the acquisition of Israeli crypto security startup Sodot for $100 million in an all-stock transaction. Following the completion of this acquisition, Sodot will be integrated into MoonPay's newly established Institutional division. MoonPay Institutional is expected to provide a range of cryptocurrency and blockchain services to large traditional financial institutions, including trading, tokenized securities, payments, wallet management, and stablecoin issuance.

  • Belo Completes $14 Million Series A Financing Led by Tether

    On April 29, Latin American digital wallet Belo completed a $14 million Series A financing round, led by stablecoin issuer Tether, with participation from Titan Fund, The Venture City, Mindset Ventures, and G2. The company plans to use this funding to expand into Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay, while deepening its business presence in Brazil, focusing on serving freelancers and remote workers engaged in cross-border payments. The goal is to reduce the costs and friction associated with cross-border payments and foreign exchange through stablecoin infrastructure.

  • BTC Falls Below $77,000

    Market data shows that BTC has fallen below $77,000, currently priced at $76,988.19, with a 24-hour increase of 0.2%. The market is highly volatile, so please ensure proper risk management.

  • Cyberspace Administration: Rapid Development of AI is Profoundly Changing Content Production

    On April 29, according to The Paper, the State Council Information Office held a press conference. At the meeting, Niu Yibing, Deputy Director of the Cyberspace Administration of China (CAC), stated that the rapid development of new artificial intelligence technologies is profoundly changing content production, dissemination methods, and interaction forms in cyberspace, while also presenting new era challenges for the construction of online civilization. Niu pointed out that the development of artificial intelligence provides new technical support and pathways for producing high-quality content, innovating online communication, and cultivating a civilized atmosphere. However, it also brings a series of new issues, situations, and challenges, such as the identification of false information, personal information protection, and ethical safety in AI applications, which need to be addressed with strengthened regulation and effective responses while promoting development. Since the beginning of this year, the CAC has focused on new technologies and applications of artificial intelligence, continuously enhancing institutional supply, and in collaboration with relevant departments, has issued the 'Interim Measures for the Management of Humanized Interactive Services of Artificial Intelligence' and publicly solicited opinions from society regarding the management measures for digital virtual human information services.

  • U.S. Senate to Vote Today on Confirmation of First Bitcoin-Supporting Federal Reserve Chair

    On April 29, the U.S. Senate will vote today to confirm the first Federal Reserve Chair who supports Bitcoin. This position oversees the world's largest central bank and is involved in the cryptocurrency sector. (The Bitcoin Historian)

  • US Spot Bitcoin ETF Sees $89.7 Million Net Outflow Yesterday

    On April 29, according to monitoring data from Farside Investors, the US spot Bitcoin ETF experienced a net outflow of $89.7 million yesterday.

  • US Spot Ethereum ETF Sees Net Outflow of $21.8 Million Yesterday

    On April 29, according to monitoring data from Farside Investors, the US spot Ethereum ETF experienced a net outflow of $21.8 million yesterday.

  • BTC Surpasses $77,000

    Market data shows that BTC has surpassed $77,000, currently priced at $77,003.63, with a 24-hour increase of 0.23%. The market is highly volatile, so please ensure proper risk management.
  • cointime子凡 ·

    Bitwise analysis: STRC has become the core driver of BTC's rise. How long can this momentum last?

    Bitwise analysis: STRC has become the core driver of BTC's rise. How long can this momentum last?

  • ETH Surpasses $2300

    Market data shows that ETH has surpassed $2300, currently priced at $2300.38, with a 24-hour increase of 0.67%. The market is experiencing significant volatility, so please ensure proper risk management.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company