Voters are going to the polls to choose between Donald Trump and Kamala Harris in an important US election 2024 that could affect the economy and cryptocurrency markets.
Voting day is here, and millions of Americans are going to the polls to pick the next President of the United States. This election is important because it has former President Donald Trump from the Republican Party and current Vice President Kamala Harris from the Democratic Party. More than 186 million Americans can vote making this one of the biggest elections in recent years.
Donald Trump’s Final Rally
Just one day before the election, Donald Trump held his final rally in Pittsburgh on November 4th. In his speech, he talked about his promise to make the U.S. economy better and to secure the U.S.-Mexico border. He criticized the Democratic Party, saying they have not done enough to fix important problems like inflation and border security. Trump’s main message is about protecting American jobs and making the country safer by strengthening the borders.
Kamala Harris’s Hopeful Message
Kamala Harris concluded her campaign with a rally in Michigan, She called for a “fresh start” for the U.S. and asked voters to move away from divisive politics that use fear. She shared her vision for a more united and hopeful America. Harris emphasized the need to invest in technology and support digital assets, like cryptocurrencies and artificial intelligence. She hopes this election will be a turning point for the country.
Early Voting and Voter Turnout
The voting has started, and early voting stations are set up all over the country. At John Jay College in New York City, a lot of people are using early voting, and the feedback has been very good. Suzan, a coordinator at the station, said that many voters are glad to vote early to skip the long lines on election day.
Both candidates have worked hard to energize their supporters. They concentrated on key states like Michigan, Pennsylvania, and North Carolina. These states will be important in deciding the winner. Many experts say this election is one of the most important in recent U.S. history. It could change the country’s path on several key issues.
Bitcoin’s Expected Movement Based on Election Results
Crypto traders are preparing for possible changes in Bitcoin’s price depending on the election results. Some experts predict that Bitcoin could fluctuate by at least 10% depending on who wins. The crypto market has recently seen rising volatility, hitting a three-month high. Last week, Bitcoin’s price briefly reached $74,649 but then fell amid election uncertainties. It is currently trading at around $68,682.
Tony Sycamore, an analyst from IG Markets, thinks that Bitcoin could rise to $80,000 if it breaks past the $74,000 level. However, if it falls below $65,000, it might start to go down again, losing its recent gains. The result of the election could have a big impact on the direction of Bitcoin’s price.
Polymarket Predictions for US Election 2024
As the election nears, Polymarket—a leading prediction market—has seen a surge in trading activity related to the election outcomes. Traders are making bets on who they think will win, choosing between Donald Trump and Kamala Harris.
Current data from Polymarket shows a small advantage for Harris but the race is very close. Recent odds suggest that Trump has a 59% chance of winning, while Harris has a 40.8% chance. This situation shows how quickly these numbers can change with new events and public feelings.
What’s Next for the U.S.?
Many Americans think this election will decide the country’s future for many years. If Donald Trump wins, we can expect a stronger focus on border security and support for traditional industries like manufacturing. A Trump win could also mean more support for cryptocurrency because of his past interest in digital assets. On the other hand if Kamala Harris wins, her administration will probably focus on technology and innovation, including artificial intelligence, digital assets, and environmental policies.
The Federal Reserve recently decided to lower interest rates by 50 basis points, which may also affect economic policy after the election. Lower interest rates usually make investments in assets like Bitcoin more attractive because they make safer options, like savings accounts, less appealing.
For the latest updates on US Election 2024 and cryptocurrency news, visit Coin Mozo on X.
Also Read: Harris Trump Elections Prospects Change On Polymarket After ‘Voter Fraud’
