According to data from Polymarket, Donald Trump’s probability of securing the presidency saw a decline of 4.5% just three days prior to the announcement of the results. This drop aligned with a noticeable stagnation in the movements of the broader cryptocurrency market, notably affecting Bitcoin 
$69,677 and various altcoins.
**Contents**
– Trump’s Support Dwindles in Certain States
– Stagnation in Bitcoin and Altcoin Trading
**Trump’s Support Dwindles in Certain States**
In the previous week, former President Trump enjoyed a victory likelihood surpassing 60%, as reported by Polymarket. However, by Friday evening, this figure had decreased by 4 percentage points. Currently, Trump holds a 58.1% chance of winning, which still reflects a 16-point lead over his rival, Kamala Harris.
Harris is gaining ground against Trump in states like Wisconsin and Michigan. However, Trump continues to dominate in key states such as Arizona, Pennsylvania, Nevada, and Georgia. Polymarket provided insights into these developments, remarking on the shifting dynamics.
**Stagnation in Bitcoin and Altcoin Trading**
After peaking at $73,000 earlier in the week, Bitcoin prices dipped below $70,000 by the end of October. This correction led to equivalent declines in altcoins like ETH, SOL, and XRP. Analyst Checkmatey observed the situation closely:
The BlackRock Bitcoin ETF, IBIT, has garnered significant interest, boasting total inflows exceeding $26 billion over the last two weeks. Around 180,000 BTC from long-term holders have transitioned to major ETF investors, which mitigates certain risks. Meanwhile, Ethereum 
$2,510 has slipped below the $2,500 mark, prompting some traders to speculate on further decreases. Nevertheless, if ETH can maintain its support level, a rebound might be on the horizon.
In summary, Donald Trump’s waning electoral prospects have introduced a degree of uncertainty into the cryptocurrency market. As investors reevaluate their strategies in light of the impending election results, both Bitcoin and altcoins are experiencing the impact of these changes. Given the ongoing market volatility, a cautious approach may be prudent for investors.
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**Disclaimer:**
The information presented in this article is not intended as investment advice. Investors should be mindful of the high volatility and associated risks of cryptocurrencies and are encouraged to conduct their own research.
