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  • Election day in the US is finally here and so is cypto volatility!

Election day in the US is finally here and so is cypto volatility!

Where will things head in the coming days and weeks?

Author

Rich Webb
November 05, 2024 • Read Time: 9 minutes

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Finally, the US Election is here!

We have been talking about the impact of the election on crypto markets for some time and now we get to see what will happen.

With the outcome too close to call, the short-term is still unknown. However, in the medium term, the thought is that Bitcoin will be going up!

Let's dive in!

  • Trump and Harris are in a close race as the final presidential polls indicate a narrow margin and focus shifts to election day and crypto voters. — Read More

  • Crypto dominates U.S. political headlines with Trump's NFT venture, GOP support, and Harris's blockchain policies as the November election looms. — Read More

  • Election outcome uncertainties could mess with Polymarket and Kalshi bets, leading to messy legal disputes. — Read More

  • Kraken completes proof of reserves audit, confirming $21.5 billion in client assets. — Read More

  • Stablecoin inflows into exchanges soar, signaling potential crypto buying chances. — Read More

  • Top fintech and crypto firms launch USDG stablecoin network to foster global usage and yield-sharing. — Read More

  • Digital asset inflows hit $2.2 billion, with Bitcoin grabbing the entire amount, as total yearly inflows soar to $29.2 billion. — Read More

  • Zodia Custody seeks $50 million to expand crypto custody services, backed by Standard Chartered and other major firms. — Read More

Bitcoin Braces for Volatility Amid US Elections

Bitcoin faces potential volatility with key price levels between $66,000 and $70,000 as US elections approach.

Bitcoin Traders Brace for Election Volatility

Bitcoin traders hedge against potential price drops during U.S. election week, CME options show increased demand for puts.

Bitcoin Markets Brace for Post-Election Volatility

Bitcoin's volatility remains low ahead of the U.S. election, with Bitfinex anticipating increased activity post-results, particularly if a Republican win occurs.

Long-Term Bitcoin Investors Trigger Major Sell-Off

Bitcoin long-term holders sell off 177,617 BTC, affecting price trajectory, prompting market analysis.

Bitcoin's Electoral Rollercoaster: Trump or Harris?

Bitcoin could surge to $90K with a Trump victory, or dive to $50K if Harris wins, says Bernstein.

Bitcoin Loans： An Emerging Tool for Institutional Investors

Bitcoin-backed loans offer liquidity and high yields, drawing institutional interest amid rate declines.

UK Pension Fund Allocates 3% to Bitcoin

UK pension firm Cartwright allocates 3% to Bitcoin, the largest sovereign fund allocation globally.

Mt. Gox Shifts $2.2B Bitcoin Amid Creditor Speculations

Mt. Gox moved $2.2B in Bitcoin to unmarked wallets, sparking debate over creditor repayments and market impacts.

Ethereum Dips Below $2,500 Amid Persistent Decline

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Michigan Pension Fund Bets on Ethereum with $11M Investment

Michigan becomes first state pension fund to invest in Ethereum ETFs with an $11M stake.

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TON and Tether Partnership Surges

TON sees 670% increase in USDT usage, reaching $1.02 billion in six months, highlighting its growing role in the stablecoin market.

Solana Extends Losses Below Key Support Levels

Solana struggles below $165 resistance, facing potential decline to $135 if bearish trends continue.

UBS, Swift and Chainlink's pilot uses blockchain for tokenized fund settlements via Swift's network, part of Singapore's MAS Project Guardian.

Binance and CZ Move to Dismiss SEC Case

Binance and CZ's lawyers request dismissal of SEC's amended complaint, citing lack of crypto asset recognition as securities.

FBI Recovers $8.3M from Kansas Crypto Scheme

FBI recovers $8.3 million from Kansas bank crypto embezzlement, 30 victims get restitution.

FBI Recovers $8M for Heartland Tri-State Bank Victims

Shan Hanes embezzled millions, fueling Heartland Tri-State Bank's collapse while FBI recovers $8M.

Pakistan Plans to Legalize Crypto and Revise SBP Act

Pakistan proposes major amendments to the State Bank of Pakistan Act to legalize digital currencies, allowing dual nationals in leadership roles, and enforcing stricter regulations.

SEC Reviews Grayscale's Multi-Crypto ETF Application

SEC starts 240-day review for Grayscale's ETF conversion proposal, aiming to list a multi-crypto ETP on NYSE Arca.