Investor appetite for risk-on assets like Bitcoin is growing, with Donald Trump projected to win the US presidential election.
Donald Trump news
Donald Trump is projected to win the US presidential election, promising to promote crypto in America.
Almost $180 million in short positions in Bitcoin have been wiped as it hit a new all-time high, with an analyst saying it is “meaningful” that it is driven by spot demand.
Bitcoin has broken past the $73,800 mark for the first time since March 13, as the battle to become the next United States president rages on.
Memecoins DOGE and SHIB have outperformed on US election day as US citizens cast their ballots.
Polymarket dominates with around $3.3 billion in betting volumes tied to the outcome of the US presidential race.
Solana gains alongside Bitcoin’s US election-related rally, and data hints that SOL price could hit $200.
Dogecoin price has rallied since October, and data suggests it’s set to go much higher.
No matter who wins the 2024 US presidential election, Polymarket users may have to wait months for their settlements.
Crypto investors are calling for a Trump victory due to the infamous “inverse Cramer” effect following the popular television host’s Monday predictions of a Harris victory.