2024 US Elections Hit $14.7B, Trump Claims Lead; Whale Bets $5M on Harris
According to a Bloomberg report, $14.7 billion was spent on the 2024 US elections, so they may become the most expensive in history.
Trump said in the interview that he currently has a "significant lead" over Harris.
Recently one whale brought out 5 million USDC from Binance to bet on Harris to win.
🎢🗽 $BTC Glassnode: Bitcoin open interest dropped significantly.
Some longs and shorts chose to close their positions before the US election. Whoever wins the election this week, Bitcoin's price will swing like a wild rollercoaster.
🇺🇸🤔 $BTC Price Chart and Donald Trump's Election Winning Chances
🇺🇸🤔 CoinDesk: Historically, BTC has always risen after elections, so it doesn't matter who wins.
Bernstein analysts also forecast a target price of $200,000 by the end of 2025, regardless of the election outcome. However, a Harris victory could cause BTC to fall to $50,000. theblock
Previously they claimed that a Harris victory would lead to a drop to $30,000-$40,000.
#BTC What will drive the market up this week:
Demand for coins among STH
Donald Trump's victory Fed's decision to lower the key rate by 25 bps#Bitcoin #USAElections #DonaldJTrump
MacroThe Fed will announce its interest rate decision on November 7 this week, CME shows the likelihood of a 25 bps rate cut. with a probability of 99.7%.
Additionally, voting in the US presidential election will begin on November 5th, with results expected to be…
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Investments
- Spire Labs, Builder of 'Based Stack,' Raises $7M in Seed Round
- Beast gaming platform completed $2 million seed round of funding
- Beijing AI Fund Invests in Zhipu AI
- Zodia, Standard Chartered’s Crypto Custody Arm, Seeks $50M Funding
- BingX Labs announced about his investment in AgentLayer
- Vlayer raised $10 million in a pre-seed funding round from a16z.
Project update
- $JUP CEO Confirms No JUP Sold, Major News Incoming
- 2024 US Elections Hit $14.7B, Trump Claims Lead; Whale Bets $5M on Harris
- Binance Futures Launches PONKEUSDT Perpetual with 75x Leverage
News
- 21Shares: Ethereum is like Amazon in the 1990s.
- Michigan State Pension Fund owns BTC-ETF worth >$6.9 million.
- Whale lost ~$1.16 million trading memcoins. He bought Pnut, FRED and OPK, which are currently down >50% on average.
- 🏴☠ ZachXBT: Projects SCALE, NTD, TPU and OPSEC were created by the same person Zopp0 to farm naive traders using numerous influencers.
Macro
- Fed Rate Decision Nov 7; 99.7% Chance of 25 bps Cut as US Election Votes Roll In
As the Fed’s rate decision approaches and election results unfold, this week holds pivotal moments that could shape the financial landscape. Whether it’s traditional markets, Bitcoin’s next move, or the impact of fresh funding in the crypto space, staying informed is key. Keep following for real-time insights and analysis as these stories develop.
🪡 Follow for curated insights: t.me/beinginvested
