Trump Poll Reaches 210, Sending Bitcoin to Record $75K
Key Points:
As of 3:15 AM UTC on November 6, the U.S. Republican presidential candidate, Donald Trump, is leading the election so far, causing extreme excitement in the cryptocurrency market.
The latest election results have set a concrete stage for an electrifying battle between Donald Trump and Kamala Harris after he leads currently in the count of electoral votes. At the time of this update, Trump has 210 electoral votes, representing 52.5% of the popular vote or 48,854,063 votes. Meanwhile, Harris comes in with a reported 114 electoral votes, representing 46.2% of the popular vote, or 43,065,006 votes.
The election map shows every U.S. state filled with small square blocks, each representing the electoral vote. Most of the key states across the Midwest and South, such as Florida and Texas, are coloured red to reflect Trump’s stronghold, while parts of the Northeast and West lean blue for Harris. The closely contested states remain undecided and, therefore, grey.
Trump’s strong early performance, especially in the traditional bastions of Republican support in the South and Midwest, is making waves well outside the political arena. For one, the crypto market has begun to surge based on Trump’s lead. In this way, investors have positioned his return to the White House as a gateway toward friendly crypto policies, for which he has promised support.
Read more: US Presidential Election Heats Up BTC Price With Expectations of Trump Win
In the hours since the election update on November 6, Bitcoin’s price has spiralled upward, with each vote count from the key states pushing the cryptocurrency’s price upwards. The new rally has pushed Bitcoin to its all-time high of $75,000 for the first time, as shown by CoinMarketCap data.
The market is further in favor, with Polymarket’s prediction market now at a 94.2% chance of Trump winning, the highest this has been on the platform thus far.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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Campinas, Brazil, 5th November 2024, Chainwire
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