{"id":121825,"date":"2024-11-04T04:10:45","date_gmt":"2024-11-03T21:10:45","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=121825"},"modified":"2024-11-04T04:10:45","modified_gmt":"2024-11-03T21:10:45","slug":"bitcoin-slips-as-trumps-odds-plummet-pushing-crypto-liquidations-above-315m","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=121825","title":{"rendered":"Bitcoin Slips as Trump&#8217;s Odds Plummet, Pushing Crypto Liquidations Above $315M"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div style=\"position:relative;overflow:visible;font-size:1.2em;line-height:1.58\">\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">After a white-hot week for Bitcoin in which the leading cryptocurrency <a href=\"https:\/\/decrypt.co\/289023\/bitcoin-175-away-all-time-high-price\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\" rel=\"noopener\">came $175 away<\/a> from its all-time high price, BTC momentum is cooling again, with its price dipping as self-proclaimed crypto candidate Donald Trump faces fresh warning signs ahead of Election Day.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Bitcoin dipped as low as $67,569 on Sunday, per data from <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\" rel=\"noopener\">CoinGecko<\/a>, returning below the $68,000 mark for the first time in about a week. Back <a href=\"https:\/\/decrypt.co\/price\/bitcoin\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\" rel=\"noopener\">up to $68,040<\/a> as of this writing, Bitcoin is down by nearly 2% on the day, but still up by about 1% over the past seven days.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Last Tuesday, Bitcoin spiked above $73,000 for the first time in months, and came within a couple hundred dollars of setting a new all-time high price before cooling off. Last week was also huge for Bitcoin ETFs, with <a href=\"https:\/\/decrypt.co\/289339\/bitcoin-etfs-hold-1m-blackrock-dominant\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\" rel=\"noopener\">billions of dollars<\/a> rushing into the American funds\u2014most of it going to BlackRock&#8217;s iShares Bitcoin Trust (IBIT).<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Bitcoin began cooling off on Thursday and continued into the weekend, but slipped below the $68,000 mark amid new doubts around the prospect of crypto advocate Donald Trump claiming a second term as president.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">A new poll released Saturday by veteran pollster Ann Selzer suggests that the Republican candidate could lose Iowa to VP Kamala Harris, with the <a href=\"https:\/\/www.desmoinesregister.com\/story\/news\/politics\/iowa-poll\/2024\/11\/02\/iowa-poll-kamala-harris-leads-donald-trump-2024-presidential-race\/75354033007\/\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\">Democrat up 47% to 44%<\/a>. Trump has carried the state in the last two elections, and while the poll is an outlier compared to others, Selzer is considered uncannily accurate and is one of the best-rated pollsters by FiveThirtyEight.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">News of the poll sent ripples across the political world Saturday, amid questions over whether the poll pointed to other potential surprises results ahead in swing states. Amid the speculation, Trump&#8217;s dominant lead on prediction market platforms started to collapse.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Trump held a commanding 67% chance of winning the election as of last Wednesday on leading platform <a href=\"https:\/\/polymarket.com\/event\/presidential-election-winner-2024?tid=1730660549173\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\" rel=\"noopener\">Polymarket<\/a>, compared to 33% for Harris at the time. By Sunday early afternoon, the odds of a Trump win sat at 60% compared to 40% for Harris.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Now, the site shows a 54% chance for Trump and 46% for Harris. Polymarket has now handled over $3 billion worth of trading volume solely on the market for the outcome of the U.S. presidential election.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Over at <a href=\"https:\/\/kalshi.com\/markets\/pres\/presidential-elections\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\">Kalshi<\/a>, a CFTC-regulated prediction market platform that <a href=\"https:\/\/decrypt.co\/289542\/prediction-market-kalshi-courts-crypto-traders\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\" rel=\"noopener\">just added crypto support<\/a> via USDC, Harris has held a lead on multiple occasions since Sunday night, and the candidates remain close as of this writing with Trump at 51% and Harris at 49%. Last week, they were nearly as far apart on Kalshi as they were on Polymarket at the peak.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">These prediction market results have typically shown a very different spread than traditional national polls, however, with Harris leading 51% to 47% in the latest <i>ABC News<\/i>\/Ipsos poll from October 22.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">As bettors recalibrate their predictions going into Tuesday, the growing doubts around Trump\u2014who many analysts have said will be <a href=\"https:\/\/decrypt.co\/286200\/bitcoin-etf-investment-jumps-trump-election-odds\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\" rel=\"noopener\">better for the future of Bitcoin<\/a> and cryptocurrency in America\u2014may have played a role in Bitcoin&#8217;s recent slide. And as Bitcoin goes, so too does most of the crypto market.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Given last week&#8217;s hot streak too, the resulting dip has rocked many traders who were betting on the price of BTC to go up. Total crypto market liquidations exceed $315 million over the past 24 hours, per data from <a href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\">CoinGlass<\/a>, with long positions making up $250 million of that sum. Bitcoin positions made up over $76 million of the grand total.<\/p>\n<div class=\"my-4 border-b border-decryptGridline\">\n<div class=\"text-start p-8 md:py-12 md:px-12 max-w-prose relative\"><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute top-4 left-4 md:top-6 md:left-6\"\/><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute rotate-180 bottom-4 right-4 md:bottom-6 md:right-6\"\/><\/p>\n<h3 class=\"font-akzidenz-grotesk font-bold text-xl md:text-3xl md:text-center gg-dark:text-white\">Daily Debrief<!-- --> Newsletter<\/h3>\n<p>Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/decrypt.co\/289824\/bitcoin-slips-trump-odds-plummet-liquidations\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a white-hot week for Bitcoin in which the leading cryptocurrency came $175 away from its all-time high price, BTC momentum is cooling again, with its price dipping as self-proclaimed &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=121825\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-121825","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/121825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=121825"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/121825\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=121825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=121825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=121825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}