At the moment, the United States and the international community remain submerged in great uncertainty since it is not known who will be the next president of the nation; But the crypto markets may have an answer for Trump.
US Presidential Election: Every Second Is More Intense Than The Last
The US presidential elections have been the topic of conversation today. Especially as tensions rise between candidates over who is the winner.
In fact, today Twitter tagged a Tweet from Donald Trump warning that it contained misleading information regarding the elections. Specifically, Donald Trump’s Tweet says: “We are in a big way, but they are trying to steal the elections. We will never let them do it. No votes can be cast after the polls close.
The action of Twitter has been criticized, some consider that they are interfering with the elections. However, what is certain is that the results are quite tight.
In the prediction crypto market, FTX, President Donald Trump’s chances of reelection have dropped by more than 50% since the early hours of November 4.
Accordingly, according to the crypto markets prediction, Trump will not be re-elected.
And, for some, the crypto market predictions are being more reliable than traditional surveys. Just today Vitalik Buterin pointed out on Twitter that “Regardless of who wins from here, I definitely think the prediction markets have proven to be more accurate than the polls / models this time.”
Bitcoin hits a crypto high amid electoral uncertainty
One of the concerns prior to yesterday was that the traditional markets and, with them, the crypto market could react negatively.
Overall, the entire market is booming with an approximate 2.61% increase in crypto market capitalization. And with it, Bitcoin managed to hit a two-year high at $ 14,273.
Since peaking, the leading crypto has slightly corrected and is trading at just over $ 14,000.
Ethereum is also riding the wave
Amidst the electoral context that has propelled the crypto market, it was announced today that the long-awaited Ethereum update, ETH 2.0, will be released on December 1.
Consequently, the union of the two catalysts has pushed the crypto to increase more than 4% after the announcement. At this moment Ethereum is located at $ 403, according to the CryptoTrend tool.
Interesting levels in the open interest of Bitcoin crypto futures
Several times we have commented on CryptoTendencia what reflects the open interest, or open interest, for crypto. In this regard, according to Skew, the open interest in Bitcoin futures reached $ 5.4 billion yesterday.
What’s interesting is that the metric has hovered above $ 5 billion for most of the last two weeks. Therefore, it reflects investor interest and could be a bullish sign.
Telegram must pay for crypto lawsuit
According to Decrypt, Telegram was ordered to pay $ 620,000 as part of Lantah LLC’s legal fees after failing to sue for copyright claims on GRAM.
Do you remember the crypto that Telegram was going to launch? GRAM? It has certainly represented nothing more than a great loss for the company.
In a few lines …
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- Grayscale could soon control 5% of Bitcoin’s circulating crypto supply.