BTC - Bitcoin Ethereum Dogecoin Fall As Trump's Presidency Odds Dip On Prediction Market: Analyst Highlights 'Long The Dip Time' | Benzinga
The cryptocurrency market slid further on Thursday as the odds of a win for pro-cryptocurrency presidential candidate Donald Trump dropped on prediction markets.
What Happened: Bitcoin crashed from $65,000 to $63,500 during morning trading hours, dashing investors' hopes of a rally to a fresh all-time high anytime soon.
The likelihood of Donald Trump winning the presidential race has fallen to 62%, down from 72% at the start of the week, on cryptocurrency-based prediction market, Polymarket. The presidential hopeful has championed cryptocurrency's cause in his campaigns, and analysts have predicted huge gains for Bitcoin amid the formation of a pro-crypto presidential ticket.
Ethereum meandered in the $3,400 region, while Dogecoin saw heavy sell-offs during the day.
More than $145 million locked in derivatives contracts was liquidated in the last 24 hours, with long liquidations accounting for $110 million.
Bitcoin's Open Interest dropped 0.33% ...