Breaking News: 2024 ELECTIONS – Market Insights, Analysis & Latest Updates

Bitcoin analysts forecast pre-election surge, warn of potential post-election sell-off

Bitcoin's price may rise before the U.S. elections but could face sell-offs afterward, influenced by expected Fed rate cuts and Microsoft's investment decision.

theblock.co • 28/10/2024 - 17:33 PM

Robinhood launches contracts to bet on US election amid the rising popularity of Polymarket and Kalshi

Robinhood introduces election contracts for speculating on the 2024 U.S. presidential race, following increased demand for prediction markets amid rising interest and competition.

theblock.co • 28/10/2024 - 14:50 PM

October’s crypto investment inflows climb to $3.4 billion after $900 million added last week: CoinShares

Global crypto funds saw $901M net inflows last week, driven by Bitcoin. Political events influence inflows as Trump's poll gains boost investor sentiment ahead of the election.

theblock.co • 28/10/2024 - 11:00 AM

Polymarket claims no evidence of market manipulation in US election bets, despite slippage issues: analysts

Polymarket’s claim there is no evidence of market manipulation on the platform supports the view that prediction markets reflect all available information at a given moment, analysts at Presto said. However, amid huge slippage for one Polymarket bettor on Friday, open interest levels suggest the market lacks liquidity, Kaiko analysts noted.

theblock.co • 25/10/2024 - 11:14 AM

Bitcoin could test its all-time high above $73,000 on day of US election, says Standard Chartered analyst

Geoff Kendrick predicts Bitcoin may hit $73,000 on election day; potential $125,000 with Republican sweep, or $75,000 under Kamala Harris. Recent trading signals positive price movement.

theblock.co • 24/10/2024 - 15:58 PM

Ripple CEO Garlinghouse predicts crypto 'reset' after US election, criticizes Biden administration

Brad Garlinghouse of Ripple predicts a crypto reset regardless of the upcoming U.S. elections, highlighting candidates' differing support for the industry.

theblock.co • 23/10/2024 - 20:41 PM

US elections could trigger a 'Minsky moment' bond market crash as Paul Tudor Jones bets on bitcoin: analysts

Presto analysts warn U.S. elections may trigger a bond market crash, impacting assets like bitcoin, driven by rising debt levels and heightened fiscal promises from candidates.

theblock.co • 23/10/2024 - 13:54 PM

Rep. French Hill remains hopeful for crypto legislation before the end of 2024

Rep. French Hill is optimistic about the potential passage of crypto and stablecoin legislation before the year's end, despite challenges and competing legislative demands.

theblock.co • 22/10/2024 - 18:18 PM

As stablecoins gain greater traction, what's next for crypto's 'killer use case?'

Stablecoins are increasingly gaining traction, with major corporations launching their own, discussions about them at the highest levels of government — and, now, Stripe’s $1.1 billion acquisition of Bridge. Analysts argue stablecoins legitimize public blockchains, providing investment opportunities in the form of public companies, an alternative to money market accounts, and value accruing to their underlying networks.

theblock.co • 22/10/2024 - 12:29 PM

CFTC Chair Behnam presses Congress to act on crypto and election betting legislation

CFTC Chair Behnam advocates for crypto regulation and legal clarity on election betting as he anticipates no significant legislative action until 2025.

theblock.co • 21/10/2024 - 19:42 PM

Currency