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【Real-time Tracking of the Election】US media calculates that Trump has won more than half of the electoral votes, securing the victory in the 2024 presidential election.
On November 5th, USA will hold the 60th presidential election, the current vice president Harris and former president Trump will officially compete. Finance Associated Press will track and report the latest developments of this election, so please stay tuned.
Latest crypto news: Bitcoin surpasses $75,000 to reach a new all-time high, rejoining the top ten in the global market cap ranking; Analysis: Trump's victory will be a major bullish for the cryptocurrency industry.
According to the disclosed data by 8marketcap, as BTC continues to hit new all-time highs, its market cap ranking has surpassed Meta, returning to the top ten global assets market cap ranking. The latest data shows that the current market cap of BTC is approximately $1.461 trillion, ranking tenth in global assets market cap, just behind Vanguard Total Stock Market ETF, while Meta's market cap is around $1.415 trillion, dropping to eleventh place.
How will the election affect the crypto market? There is a clear dichotomy between large-scale cryptos and small coins.
As the final voting results of the USA presidential election are about to be announced, the crypto market may see a significant divergence - compared to the large-scale cryptos like bitcoin and ethereum, small cryptos like dogecoin and solana may face greater risks and volatility.
At the last minute, US Treasury bonds "bet on Harris", bitcoin "bet on Trump"!
Bond traders increased their bullish bets on US bonds at the last minute, switching options, futures, and cash positions to bullish; while bitcoin continued to support Trump, rising more than 2% on Wednesday, surpassing the $71,000 threshold.
How does the election results affect cryptos? Bitcoin's impact is limited, while small coins may face a major shake-up.
On Tuesday, bitcoin once rose nearly 5%, exceeding $70,400 during the session. Dogecoin surged 18% at one point, partly due to comments from its longtime supporter Musk. The cryptos market is expected to be extremely sensitive to the election results, with strong demand for bitcoin options surrounding the USA presidential election.
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