Anna
@crypto-sapiens
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104 Followers
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The first reason is the US elections, which will be held tomorrow, November 5.
There are several opinions online. One of them is based on Trump's possible victory: if he wins, the market may react with a sharp rise. However, if Trump does not win the presidential race, the crowd believes that we are in for a collapse.
Nevertheless, I think not everything is so obvious, and the market may behave differently, contrary to analysts' assumptions.
At the same time, Polymarket users who made big bets on the election are concerned.
For example, a user with the nickname zxgngl bet a total of $14,200,000 dollars on Trump's victory, and so far his loss is more than $1 million.
The second reason is the interest rate decision for November, which the U.S. Federal Reserve will announce on Friday.
The FedWatch index shows a 99.8% probability of a 0.25% rate cut.
How do you think the BTC price will react to this? 0 reply
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