Bitcoin ‘Trump hedge’ rally lacks macro conditions for all-time high
“Bitcoin is currently being used as a liquid proxy to hedge a Trump win,” which was previously seen as “underpriced,” according to an analyst.
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“Bitcoin is currently being used as a liquid proxy to hedge a Trump win,” which was previously seen as “underpriced,” according to an analyst.
Bitcoin price rallies within $200 of a new all-time high as several fundamentals point to the crypto bull marking picking up pace.
Bitcoin’s path to $70,000 hinges on lower interest rates, the US election outcome, boosted BTC miner profits, and strong spot ETF demand.
According to the current Polymarket US election odds, former President Trump is favored to win all six US swing states.
As Trump extends his lead over Harris in the prediction markets, BlackRock CEO Larry Fink said it doesn’t matter to Bitcoin who occupies the White […]
According to Polymarket users, Vice President Kamala Harris is currently favored to win the popular vote by a staggering 72% margin.
Bitcoin lost momentum as weak macroeconomic data, fear of a stock market correction, and worries over the upcoming US elections impacted investor sentiment.
Bitcoin options market positioning shifted as BTC price shot through the $60,000 to $63,000 level.
The industry has amassed a historically large war chest, but little of it will be spent on the presidential clash between Trump and Harris.
Crypto single-issue voters back Trump in pursuit of deregulating the US crypto industry and probably boosting their wallets, but do they grasp the broader economic […]
