Crypto Equities Surge More Than 10% as U.S. Political Uncertainty Diminishes With Trump Victory
MicroStrategy and Coinbase both added 12%, with bitcoin miners also gaining more than 10% in pre-market trading.
MicroStrategy and Coinbase both added 12%, with bitcoin miners also gaining more than 10% in pre-market trading.
While the U.S. election has directed investor focus to bitcoin and Polymarket, the murky memecoin market is also beginning to heat up. Thousands of election-themed tokens have been created over the past 24 hours.
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
"It looks like bitcoin options traders appear to be hedging their bets to the downside ahead of the U.S. election this week," one observer said, noting pricier puts on the CME.
British pension specialist has guided the U.K.'s first pension to make an allocation into bitcoin.
At the same time, crypto investors are looking to reduce risk ahead of the U.S. election, driving bitcoin's crypto-market dominance to a cycle high.
Recent rises in bitcoin prices have led some to believe that Trump, should he win, will be great for the industry. But the reality may be more complicated, says Alex Tapscott.
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 4, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Whether Kamala Harris or Donald Trump becomes U.S. president probably won't dictate bitcoin’s price growth.
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 1, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.