BTC Remains Steady as U.S. Election Approaches
An overview of the cryptocurrency market's movements as November 4, 2024, approaches, along with key developments in U.S. elections.
BTC Remains Steady as U.S. Election Approaches
The latest price movements in the crypto markets as we near November 4, 2024.
Latest Prices
- Bitcoin (BTC): $68,897.73 (+0.86%)
- Ether (ETH): $2,473.42 (+0.81%)
- S&P 500: 5,728.80 (+0.41%)
- Gold: $2,742.19 (+0.38%)
- Nikkei 225: 38,053.67 (-2.63%)
Key Highlights
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Bitcoin and other major cryptocurrencies remained largely unchanged on the eve of the U.S. presidential election. The price of BTC hovered close to $69,000, reflecting minor gains.
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The perceived likelihood of Kamala Harris winning has increased on the Polymarket platform, where shares for her candidacy rose to 43 cents, while Donald Trump fell to 57 cents.
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The Monetary Authority of Singapore plans new initiatives to promote tokenization in financial services, aiming for deeper liquidity and the development of a robust ecosystem for tokenized assets.
Chart of the Day
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- The chart depicts U.S. 10-year note yields versus the three-month bill, showing historical trends that could suggest future risks for stocks and other assets. An acceleration in money supply could signal bullish prospects for Bitcoin amidst these shifts.
Source: CoinDesk
