🏴☠️ Kamala and Trump are now almost tied at 49% and 51% respectively on the Kalshi betting platform.
Talking about the outcome, we all understand that Trump's victory will have a positive effect on the crypto world, but what exactly can we expect from Kamala?
First of all, memes will suffer. Not just Trump and Musk related memes, but the entire industry, because this is the first place the "promised" regulations will hit.
Second, I don't think the DeFi sector of crypto will suffer that much. We now have Biden, who is also a Democratic president, and...? We are fine with that. A lot of people promised to regulate crypto, but the market is surviving.
🌄 I tend to believe that if Kamala wins, a lot of liquidity will move from the memecoins market to regular crypto assets.
So, no matter who wins these elections, we will get our Altcoin Season</...
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👀 Crypto market review.
〽️ BTC fell below $68k overnight, falling by $2000, while all the altcoins are going to hell. This market behavior is characterized by uncertainty due to the elections.
📊 Indicators:
😨 Fear and Greed Index — 74
💲 Altseason Index — 27
📈 Long/Short Ratio — 49/51
💰 Crypto market capitalization — $2.24 trillion.
👑 Bitcoin dominance — 60.32%
📊 Starting from the new week, we expect the most fucking volatility in crypto in the run-up to the US elections on November 5 and the Fed's interest rate decision on November 7.
🛒 American chain of stores Sheetz has fucked up payment for purchases in stores with crypto in more than 750 locations in the United States.
🪙 Institutions are massively entering the Solana ecosystem. In the 3rd quarter, the volume of investments in DEX on this blockchain grew by more than 54%, reaching $ 173 million.
❗️Fucking volatility now even on weekends. Liquidations of longs continue to grow. So far, I do not see a squeeze to the resis...
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💰 The average #Bitcoin return in November is +42.88%.
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