Bitcoin Price Poised For $75,000 As Trump-Harris Race Tightens: QCP

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Related Reading: Spot ETFs Fail To Ignite Bitcoin Growth – Analyst According to QCP Capital, the odds on the decentralized prediction market Polymarket have “moved closer to actual poll estimates,” with Vice President Kamala Harris and former President Donald Trump “locked in a tight race.” While Polymarket still favors Trump at 55%, this marks a decrease from 66% a week ago, indicating a narrowing margin that aligns more closely with mainstream polling data.

Related Reading: How To Trade Bitcoin During The US Election, Expert Reveals Additionally, the firm highlighted increased activity in options tied to the election date.“Election-date options positions are also rising,” QCP noted, with Friday implied volatility exceeding 87%, even as realized volatility remains at 40%.

The firm stated that they “expect spot to chop around this range until we get more clarity on the election results this week,” adding that “a Trump win is likely to cause a knee-jerk reaction higher, and vice versa if Kamala wins.” At press time, BTC traded at $68,852.

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Author / Journalist: Jake Simmons

Category: Crypto

Markets: United KingdomAustriaSingapore

Topics: Bitcoin US Election Donald Trump Kamala Harris Btc Btc price Bitcoin news Bitcoin price Bitcoin Bitcoin

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Published On: 2024-11-04 @ 21:00:38 (2 weeks ago)

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