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Crypto Will Win No Matter What
Published on Nov 5, 2024

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NEED TO KNOW
Polymarket's Big Day
  1. 📈 Polymarket Polymarket Hits New Records on Election Day. Polymarket is seeing historic activity levels with Election Day finally here in America.
  2. 📲 Kalshi & Polymarket Gain Traction in Apple’s App Store. Top prediction market betting apps are hitting new heights on the App Store.
  3. 🐶 DOGE Pumps as Traders Bet on Elon Musk's Trump Proximity. Is there a place for Dogecoin in a Trump administration?
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MARKET VIBES
All Eyes on Bitcoin

📸 Daily Market Snapshot: Polls are starting to close. By this time tomorrow, we very well may know who the next U.S. President is, and the numbers we chart below could look very different depending on the race's outcome. With BTC briefly popping above $70K today, all eyes are on BTC's performance...

Prices as of 6pm ET 24hr 7d
Crypto $2.27T ↗ 3.1% ↘ 6.9%
BTC $69,754 ↗ 3.0% ↘ 4.0%
ETH $2,437 ↗ 1.6% ↘ 7.5%

🟠
New Token Rating: U.S. presidential elections are in the spotlight. Why might a Trump win commence a multi-week period of bullish BTC bliss?
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OPINION
Crypto Will Win No Matter What
Bankless Author: David C.

As you stand in line to vote today, know that while this election has been the cause of unprecedented market anxiety, ultimately, the election outcome doesn’t determine crypto’s continued success.

There are more powerful forces at work which have much more influence on our dear industry. The state of Bitcoin, anticipated rate cuts from the Federal Reserve, China’s economic stimulus, and the U.S. fiscal deficit will impact crypto far more significantly than any election outcome. 

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While waiting for the election’s results, take stock of why these factors will matter more for crypto’s trajectory than the next president. 👇


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LATEST POD
You Should Still Be Bullish ETH

In this latest episode, we sit down with Anthony Sassano, host of The Daily Gwei. We dig deep into the state of Ethereum, addressing criticisms and challenges facing ETH, including narratives around L2s, competition with Bitcoin Bitcoin and Solana, and Ethereum's positioning in a fast-evolving crypto market.

Anthony gives us his insights on whether Ethereum’s value is holding strong, the potential bull case, and where the roadmap could lead next. Tune in to hear a candid conversation about what’s really happening under the hood of Ethereum.

Get the full analysis! 👇


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Keine Finanz- oder Steuerberatung. Die Inhalte von Bankless dienen ausschließlich Bildungszwecken und stellen keine Anlageberatung oder Aufforderung zum Kauf oder Verkauf von Vermögenswerten dar. Dieser Newsletter ist keine Steuerberatung. Konsultiere deinen Steuerberater. Recherchiere selbst.

Offenlegung. Gelegentlich fügen wir Links zu Produkten ein, die wir nutzen. Wenn du über diese Links etwas kaufst, erhalten wir möglicherweise eine Provision. Außerdem hält das Bankless-Team Krypto-Vermögenswerte. Sieh dir unsere Offenlegungen hier an.

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