US Presidential Election Trends: Trump Leads Harris in Crypto Polls

Crypto Traders Favor Trump Over Harris in US Elections Forecast

The prediction market data from Polymarkets on the US Presidential Forecast indicates a strong lead for Donald Trump over Kamala Harris. Traders have wagered approximately $2.8 billion on the outcome, with Trump holding a significant advantage of 65.3% votes compared to Harris’ 34.8% as of October 31.

Kamala Harris Gains Ground as Elections Approach

Despite Trump’s initial lead, Kamala Harris has seen a surge in support leading up to the elections, narrowing the gap to 57.7% against Trump’s 42.4% as of November 4. This last-minute shift in favor of Harris coincided with Bitcoin’s recent price decline, potentially influenced by the changing dynamics of the US elections race.

Impact of US Elections on Bitcoin Price

Bitcoin experienced a 2% drop in price on November 5, as market participants express apprehension ahead of the electoral outcome. Technical indicators suggest a continuation of bearish momentum until a clear winner is declared. With Bitcoin trading below the Volume Weighted Average Price (VWAP) and within the bearish zone of the Keltner Channel (KC) bands, there is heightened downside risk, potentially putting the critical support level of $65,000 at risk.