Altcoins have lagged throughout the year amid regulatory uncertainty, and hence, K33 Research analysts said they are “more sensitive” to the election results.
BTC fell amid a transfer of $2.2 billion worth of the asset by defunct exchange Mt.Gox from its storage to new wallets.
The latest price moves in crypto markets in context for Nov. 4, 2024.
The regulator has seen strong interest in tokenization among the fixed income, FX and asset management sectors.
The most popular Polymarket bet has seen a flurry in trades ahead of Election Day, contributing to a surge of Harris’ winning shares on the betting platform.
The latest price moves in crypto markets in context for Nov. 1, 2024.
At current prices, a $10,000 punt on Harris could equal a $25,000 payout if she wins the U.S. presidential election.
A tracker for market sentiment reached “extreme greed” levels on Thursday, which has historically preceded market corrections.
The $410 million fund is also available on Stellar, Aptos, Avalanche, Arbitrum and Polygon.
The U.S. presidential election is an important short-term catalyst for Coinbase and the wider industry, and could lead to more regulatory clarity, analysts said.