News Scrap

The current news around the US presidential election is hinting that Bitcoin supporter Donald Trump is leading with significant vote support in 4 out of 6 US states, as per data shown on the popular betting marketplace Polymarket.

This is really a very big hint that 5 November 2024 will be a date for crypto voters, who will support Donald Trump to provide him power to bring a better ecosystem for the crypto sector.

Currently, the majority of the people across the X (formerly Twitter) platform are supporting Trump as the most potential candidate who will secure a win in the election.

As per a report by an X account Wallet Street Silver, nearly half of the country has already voted (53% women and 44% men). Musk also urged people to vote for their corresponding favorite candidate.

Bitcoin-friendly US Senator Cynthia Lummis from Wyoming is also urging people to vote for Trump.

Bitcoin Price Volatility Amid Presidential Election Hype

However, the majority of crypto enthusiasts are optimistic about the US presidential election in advance, as already both the top two candidates promised to provide a better regulatory environment for the crypto space. But in particular, crypto leaders are more supportive of Trump, as he has talked about Bitcoin multiple times and pledged to provide better rules and laws to protect digital assets investors in the US jurisdiction.

Just a few days ago, Bitcoin was trading near the $70k level, but in the last 2 days, the price level crashed by nearly 2%. This volatility is basically giving a hint that a sharp downfall in the trade price is possible, but simultaneously, experts believe it will also inject a better level of stable and constant pump in the trade price of Bitcoin for the next few months.