2024-07-17 14:59:07
Blockchain
Finance

Bitcoin Surges Amid Trump's Election Odds Rise

Bitcoin's value spikes by 8.6% to $62,508 following Trump's improved election odds. The surge in crypto prices is driven by anticipation of favorable policies from a potential Trump presidency.

Polymarket sees a record $116M in election bets, with Trump leading at 69%. Deribit introduces new bitcoin and ether options linked to the U.S. elections, garnering positive feedback from crypto traders.

Analysts predict bitcoin reaching $1 million by 2033, citing factors like ETF launches and increased institutional adoption.

The Street
27. Juli 2024 um 16:46

Bitcoin surges to two-week high as Trump’s election odds improve

Politics
Finance
Bitcoin surges 8.6% to $62,508 as Trump's election odds improve after thwarted assassination attempt; crypto market expects positive impact from Trump's pro-crypto stance, according to Amberdata's Pay Doyle; crypto ETFs draw over $1.35 billion in funds, reflecting turnaround in sentiment due to lower than expected CPI, says CoinShares' James Butterfill.
Cointelegraph.com News
17. Juli 2024 um 03:41

Trump election bets boost Polymarket volumes to record $116M in July

Politics
Finance
Cryptocurrencies & blockchain
Crypto platform Polymarket hit $116.4M July volumes, a record, on $263.5M in US election bets. Trump leads at 69% odds, followed by Biden at 19%, Harris at 6%, and Michelle Obama at 2%. Polymarket hired analyst Nate Silver, closed $70M Series B led by Founder Fund and Vitalik Buterin. Nate Silver believes Trump's VP pick JD Vance could hurt his campaign. Polymarket has seen $471.9M wagered on events ranging from politics, finance, sport, and crypto.
The Street
23. Juli 2024 um 09:26

Bitcoin may hit $1 million by 2033, report says

Cryptocurrencies & blockchain
Finance
According to a report from AllianceBernstein, the price of bitcoin is projected to reach $1 million by 2033 and $500,000 by 2029. The report cites factors such as the launch of bitcoin ETFs, increased institutional adoption, and the impact of the quadrennial bitcoin halving on supply and demand dynamics as driving the expected price surge.
The Defiant
17. Juli 2024 um 07:10

Polymarket Sees Record $116M in Election Bets as Trump Leads with 69%

Politics
Finance
Cryptocurrencies & blockchain
Polymarket, a decentralized prediction market platform, has seen a surge in trading volumes, reaching a record $116.4 million in the first half of July. This increase is driven by bets on the outcome of the upcoming US presidential election. As of now, $263.5 million has been wagered on the election, with Donald Trump leading with a 69% chance of winning, while Joe Biden follows at 19%. Around $32 million worth of bets have been placed on Donald Trump, while Joe Biden’s odds now stand at 18%,..
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