gm Bankless Nation, Election anxiety is in the air, but when it comes to crypto's future, don't worry too much.
Today's Issue ⬇️
☀️ Need to Know: Polymarket's Day Election contract betting spikes.
📊 Market Vibes: All Eyes on BTC ATH around corner? / BTC rating.
🗣️ Opinion: Crypto Will Win Crypto is on the ballot. It won't lose.
🎧 Latest Pod: Stay Bullish ETH Why you should stand by Ethereum.
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📈 Polymarket Hits New Records on Election Day. Polymarket is seeing historic activity levels with Election Day finally here in America.
📲 Kalshi & Polymarket Gain Traction in Apple’s App Store. Top prediction market betting apps are hitting new heights on the App Store.
🐶 DOGE Pumps as Traders Bet on Elon Musk's Trump Proximity. Is there a place for Dogecoin in a Trump administration?
. . .
MARKET VIBES
All Eyes on Bitcoin
📸 Daily Market Snapshot: Polls are starting to close. By this time tomorrow, we very well may know who the next U.S. President is, and the numbers we chart below could look very different depending on the race's outcome. With BTC briefly popping above $70K today, all eyes are on BTC's performance…
Prices as of 6pm ET
24hr
7d
Crypto $2.27T
↗ 3.1%
↘ 6.9%
BTC $69,754
↗ 3.0%
↘ 4.0%
ETH $2,437
↗ 1.6%
↘ 7.5%
🟠
New Token Rating: U.S. presidential elections are in the spotlight. Why might a Trump win commence a multi-week period of bullish BTC bliss?
As you stand in line to vote today, know that while this election has been the cause of unprecedented market anxiety, ultimately, the election outcome doesn’t determine crypto’s continued success.
There are more powerful forces at work which have much more influence on our dear industry. The state of Bitcoin, anticipated rate cuts from the Federal Reserve, China’s economic stimulus, and the U.S. fiscal deficit will impact crypto far more significantly than any election outcome.
While waiting for the election’s results, take stock of why these factors will matter more for crypto’s trajectory than the next president.👇
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In this latest episode, we sit down with Anthony Sassano, host of The Daily Gwei. We dig deep into the state of Ethereum, addressing criticisms and challenges facing ETH, including narratives around L2s, competition with Bitcoin and Solana, and Ethereum's positioning in a fast-evolving crypto market.
Anthony gives us his insights on whether Ethereum’s value is holding strong, the potential bull case, and where the roadmap could lead next. Tune in to hear a candid conversation about what’s really happening under the hood of Ethereum.
Not financial or tax advice. Bankless content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time to time, we may add links in this newsletter to products we use. We may receive a commission if you make a purchase through one of these links. Additionally, the Bankless team holds crypto assets.
