The vote counting and voting activities in some states are still in progress, and more important election results will be announced in the next few hours.
Author: 1912212.eth, Foresight News
The US presidential election has become the focus of global attention in recent days. November 5th, Eastern Time, is the official voting day for the US presidential election. Except for a few congressional districts, the states of Indiana and Kentucky have successively closed their polling stations, becoming the first two states to complete voting in the 2024 US presidential election. Due to time zone differences and different voting deadlines in each state, the voting end times vary. Alaska will be the last state to complete voting at 1:00 AM Eastern Time on November 6th (2:00 PM Beijing Time on November 6th).
The cryptocurrency market has experienced huge fluctuations. Last night, Beijing time, BTC surged from $68,000 to over $70,000, and after oscillating for a few hours, it fell back to around $68,000 around 3 AM.
Around 7:28 AM Beijing time today, after the release of the exit poll results by the Edison Research, the stock of Trump Media & Technology Group (DJT.O) continued to rise after the market, once up more than 6.5%. Around 8 AM, the Associated Press reported that Harris won Vermont, while Trump won Indiana and Kentucky. Immediately afterwards, BTC broke through $70,000 again. A few minutes later, at 8:32 AM, the Associated Press reported that Trump had won West Virginia, and the news caused the stock of Trump Media & Technology Group (DJT.O) to surge 30% after the market.
Currently, Bitcoin has risen above $71,000, and the cryptocurrency market is generally rising. Ethereum has risen from around $2,300 to around $2,500, SOL has risen from $160 to around $170, and many Altcoins have ushered in a long-awaited good rebound after a major correction in the past few days. ENA 24 rose more than 13% to around $0.37, and DOGE 24-hour increase exceeded 12%, rising above $0.18.
In terms of contract data, the liquidation data is not particularly large, as market participants have actively reduced leverage before the election, and the large market fluctuations have led to deleveraging. According to Coinglass data, the total network liquidation in the past 24 hours was $214 million, with $140 million in short positions.
It is worth mentioning that after Trump's winning probability increased, his related MEME tokens saw a significant increase, with TRUMP up more than 16% in 24 hours, PAC up more than 113% in 24 hours, MAGA up more than 19% in 24 hours, and PEOPLE up more than 14% in 24 hours.
As of 9 AM Beijing time, 16 states and Washington, D.C. in the US have closed their polling stations, and according to the Associated Press forecast, Republican presidential candidate Trump won Alabama, Mississippi, South Carolina, Oklahoma, Florida, and Tennessee, a total of 95 electoral votes. Democratic candidate Harris won Massachusetts, Connecticut, Maryland, Rhode Island, and Washington, D.C., a total of 35 electoral votes.
The vote counting and voting activities in some states are still in progress, and more important election results will be announced in the next few hours.
As of 9:46 AM, Polymarket data shows that the market currently predicts that Trump's probability of winning the US presidential election has risen above 70%, while Harris' probability has fallen below 30%.
Trump himself stated around 9 AM today that if he wins Pennsylvania, he will win the entire election. He said the "biggest question" is whether he can get more support in Philadelphia, which has always been a Democratic stronghold.
Matrixport reported last month that Trump's victory could be positive for Bitcoin, and traders should be prepared for a bullish market if Trump wins. Trader Eugene also said that if Trump wins the election, the upside potential of Bitcoin could be the largest.
(Continuously updated)
