DeFi Daily News
Friday, August 1, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home DeFi Web 3

rewrite this title How Bitcoin Traders Are Playing the US Election – Decrypt

André Beganski by André Beganski
November 5, 2024
in Web 3
0 0
0
rewrite this title How Bitcoin Traders Are Playing the US Election – Decrypt
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

If you’re fixated on the price of Bitcoin, then you may already have your answer.

On Election Day, America’s choice between former President Donald Trump and Vice President Kamala Harris carries consequences for the crypto industry—from a potential shakeup at the Securities and Exchange Commission (SEC) to the passage of a regulatory framework.

It could take days to determine Tuesday’s White House winner, but analysts told Decrypt that there are several tea leaves that traders could read into in the meantime, ranging from Senate races to the resiliency of Bitcoin’s price in the face of normally bearish news.

While Bernstein analysts forecast that Bitcoin could pop to $90,000 on a Trump victory earlier this week, Amberdata’s Director of Derivatives Greg Magadini told Decrypt that the Bitcoin futures “market is pretty convinced a Trump victory brings us past $80,000” by the end of the month.

Bitcoin is currently trading for about $69,150 as of this writing, up more than 3% on the day—though it’s dipped from a daily high above $70,500 on Tuesday morning.

The implied volatility of Bitcoin futures contracts, measuring how much the market expects the asset’s price to change, is quite elevated at above 80%, Magadini added. The last two times the metric pushed as high was when spot Bitcoin ETFs launched in January and amid last year’s banking crisis, suggesting Bitcoin’s price could swing forcefully in either direction, he said.

Though Trump has turned himself into a vocal supporter of digital assets on the campaign trail, Grayscale’s Managing Director of Research Zach Pandl told Decrypt that Senate races are ultimately the most important barometer for the future outlook of the crypto industry.

Because the Senate has the authority to approve presidential appointees at agencies like the SEC, Harris’ camp would likely collaborate with Republicans if they’re able to gain control, Pandl said. At the same time, the Senate’s makeup could determine how the regulatory backdrop surrounding decentralized finance and the tokenization of assets develops, he said.

“As long as we see Republican control of the Senate, we think that we will have a balanced mix of financial service regulators in the United States that would put the whole industry on solid footing for the coming years,” Pandl said. “In my personal opinion, there’s actually more election risk for Ethereum and other coins beyond Bitcoin.”

The sentiment was echoed by Bitwise Chief Investment Officer Matt Hougan, who highlighted Solana’s 3.8% rise Tuesday to $165 as evidence of traders positioning around the election’s regulatory implications.

“I think Solana is the asset to keep an eye on,” he said. “Of the major assets, it’s probably the most exposed to the difference in regulatory uncertainty between a Harris and Trump regime.”

Alongside Bitcoin’s rise Tuesday, GSR Head of Research Brian Ruddick told Decrypt that some traders may be trying to allocate to the asset early based on Trump’s White House prospects.

Given that spot Bitcoin ETFs saw $500 million in net outflows Monday, he said the move would typically hurt Bitcoin’s price. Meanwhile, the defunct crypto exchange Mt. Gox moved $2.2 billion worth of Bitcoin to a new wallet late Monday, a move that has historically caused some market volatility.

“Prices are higher despite some negative news over the last day,” Ruddick said. “It seems like traders are trying to front-run the election and a potential Trump win.”

Edited by Andrew Hayward

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: BitcoinDecryptelectionplayingrewritetitleTraders
ShareTweetShare
Previous Post

DJT stock halted several times due to volatility

Next Post

Shocking World Facilitators Revealed (More Powerful Than the U.S. President?)

Next Post
Shocking World Facilitators Revealed (More Powerful Than the U.S. President?)

Shocking World Facilitators Revealed (More Powerful Than the U.S. President?)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title 4 Secrets from Chefs for Better Cruise Dining – NerdWallet

rewrite this title 4 Secrets from Chefs for Better Cruise Dining – NerdWallet

November 15, 2024
Tottenham Express Interest in Buying English Star as Club Considers Selling Him

Tottenham Express Interest in Buying English Star as Club Considers Selling Him

September 28, 2024
IT STARTED: US Bombs Iran and CRASHES Bitcoin… What’s NEXT?

IT STARTED: US Bombs Iran and CRASHES Bitcoin… What’s NEXT?

June 22, 2025
rewrite this title Ethereum Continues Losing Ground To Bitcoin With ETH/BTC Ratio at Multi-Year Lows | Bitcoinist.com

rewrite this title Ethereum Continues Losing Ground To Bitcoin With ETH/BTC Ratio at Multi-Year Lows | Bitcoinist.com

October 26, 2024
Top 19 crypto coins that will EXPLODE in July 2025!!

Top 19 crypto coins that will EXPLODE in July 2025!!

July 2, 2025
rewrite this title Visa Expands its Flexible Credential Card to the U.S. – Finovate

rewrite this title Visa Expands its Flexible Credential Card to the U.S. – Finovate

November 15, 2024
rewrite this title Zuckerberg’s ‘personal superintelligence’ plan: fill your free time with more AI

rewrite this title Zuckerberg’s ‘personal superintelligence’ plan: fill your free time with more AI

August 1, 2025
rewrite this title with good SEO 10-Year Gameplan: Ethereum Targets Quantum-Safe Security, Fast Transactions

rewrite this title with good SEO 10-Year Gameplan: Ethereum Targets Quantum-Safe Security, Fast Transactions

August 1, 2025
rewrite this title TRON Recognized by CryptoRank, Messari, and Nansen: 6M Revenue and B USDT Supply in H1 2025

rewrite this title TRON Recognized by CryptoRank, Messari, and Nansen: $916M Revenue and $81B USDT Supply in H1 2025

August 1, 2025
rewrite this title Bitcoin, Ethereum and XRP Sink as Crypto Liquidations Top 0 Million – Decrypt

rewrite this title Bitcoin, Ethereum and XRP Sink as Crypto Liquidations Top $900 Million – Decrypt

August 1, 2025
rewrite this title and make it good for SEO Weekly Roundup: VeeFriends Takes Over The National, Super Stickers: Manga Series in the Wild, TCG…

rewrite this title and make it good for SEO Weekly Roundup: VeeFriends Takes Over The National, Super Stickers: Manga Series in the Wild, TCG…

August 1, 2025
rewrite this title Under Sink Cabinet Organizers (2 pack) only .37!

rewrite this title Under Sink Cabinet Organizers (2 pack) only $10.37!

August 1, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.