Trump

While sell-the-fact price slide looks unlikely, traders still need to watch out for the other side of the Trump trade – hardening bond yields and rising dollar index, says CoinDesk analyst Omkar Godbole.

“There is going to be a media frenzy about Elon and how his aggressively backing Trump and the ‘Department of Government Efficiency’ narrative could have been a deciding factor for a Trump win,” one trader said.

Buoyed by donations and votes from a digital asset industry he aggressively courted, Trump won a second term to the White House in his third bid for the U.S.’s highest office.

Tuesday night’s election returns were a shocker if you only watched CNN. But not if you’d looked at the betting all along.

Trump has vowed to impose sweeping tariffs on Mexico and other trading partners.

Part of BTC’s spike could be attributed to a $94 million liquidation of bearish or hedged bets against the asset, Coinglass veri shows, as Trump leads in early voting.

Up-to-the-minute coverage on the presidential and congressional races and how they stand to shape crypto legislation and regulation.

The manipulation narrative is an attempt by mainstream media to discredit Polymarket’s election odds and control the narrative, one expert said.

The most popular Polymarket bet has seen a flurry in trades ahead of Election Day, contributing to a surge of Harris’ winning shares on the betting platform.

At least according to betting markets, the U.S. presidential election has moved to nearly a 50/50 race versus the outlook for an easy Trump victory just days ago.