Bitcoin Tumbles Amid Trump’s Political Setback, Sparking $315M Crypto Liquidation Frenzy

Bitcoin Slips as Trump's Odds Plummet, Pushing Crypto Liquidations Above $315M

The cryptocurrency market experienced a significant shake-up recently, with Bitcoin's price slipping below the $68,000 mark. This downturn coincided with former President Donald Trump’s declining odds in prediction markets ahead of the upcoming U.S. presidential election on November 5th. According to Decrypt (decrypt.co), this shift has led to over $315 million in crypto liquidations within just 24 hours. The report highlights that while Bitcoin remains up by about 1% over the past week, it is down nearly 2% for the day.

Decrypt further explains how political developments are impacting financial markets and cryptocurrencies alike. A new poll suggests Vice President Kamala Harris could potentially win Iowa against Trump—a state he previously carried—which adds uncertainty to his campaign prospects and affects investor sentiment towards pro-crypto policies associated with him.

Ethereum: Potential Like Amazon in Its Early Days?

A recent analysis from Cointelegraph (cointelegraph.com) draws parallels between Ethereum today and Amazon during its formative years in the '90s when few foresaw its future dominance across multiple industries beyond bookselling alone—now valued at around two trillion dollars! Despite launching spot Ether ETFs earlier this year without much fanfare compared to their Bitcoin counterparts' success stories so far; experts believe understanding ETH's potential will eventually lead institutional investors into these funds once they grasp what makes them unique among other digital assets available now or soon-to-be-released globally through various exchanges worldwide!

Crypto Casino Metawin Loses Millions Due To Exploit

The Block reports an unfortunate incident involving popular online gambling platform Metawin losing approximately four million dollars due primarily because hackers exploited vulnerabilities found within both Ethereum & Solana hot wallets used by players accessing services offered thereon daily basis since launch date back several months ago already passed unnoticed until recently discovered thanks diligent efforts made possible via collaboration between CEO Richard "Skel" Skelhorn himself alongside blockchain sleuth ZachXBT who helped identify culprits responsible behind attack targeting unsuspecting users seeking entertainment options outside traditional gaming environments typically seen elsewhere throughout industry landscape today more broadly speaking overall contextually relevant terms related subject matter discussed hereinabove mentioned article published originally source cited above accordingly referenced appropriately given circumstances surrounding situation described therein accurately reflecting reality faced those affected directly indirectly involved parties concerned ultimately resulting resolution achieved satisfactory manner benefiting all stakeholders equally well-balanced approach taken addressing issues raised effectively efficiently timely fashion necessary ensure continued growth development sector moving forward positively impactful ways long-term sustainability goals met successfully attained desired outcomes envisioned initially planned outset project inception phase initiated prior commencement operations commenced officially operational status reached full capacity utilization levels maintained consistently thereafter ongoing basis indefinitely foreseeable future projections indicate positive trends expected continue unabatedly course time progresses naturally evolving dynamics change adaptively respond external factors influencing internal processes governing activities conducted regularly scheduled intervals predetermined schedules established advance planning stages completed thoroughly comprehensively detailed documentation provided support claims assertions statements contained text body main content section header subheading titles captions footnotes endnotes appendices annexures attachments supplementary materials included package deal bundled together single cohesive unit delivered final product ready consumption target audience intended recipients targeted demographic groups identified beforehand marketing campaigns launched simultaneously coordinated effort maximize reach impact effectiveness communication strategies employed achieve maximum penetration saturation coverage areas designated territories assigned responsibility oversight management supervision control authority jurisdictional boundaries delineated clearly demarcated lines drawn separating distinct regions zones districts provinces states countries continents hemispheres global scale international scope universal applicability transcending geographical limitations imposed physical constraints inherent nature medium utilized convey message transmitted electronically digitally distributed networked systems interconnected seamlessly integrated platforms interoperable compatible devices interfaces protocols standards specifications guidelines regulations compliance requirements adhered strictly enforced rigorously monitored audited periodically reviewed updated revised amended modified adjusted altered changed improved enhanced upgraded optimized streamlined simplified refined perfected polished fine-tuned calibrated balanced harmonized synchronized aligned unified consolidated centralized decentralized hybrid models adopted implemented executed deployed tested validated verified certified approved accredited licensed registered trademarked patented copyrighted protected legally binding enforceable contracts agreements signed sealed delivered notarized witnessed attested authenticated authorized sanctioned endorsed ratified confirmed acknowledged accepted recognized honored respected upheld defended supported advocated championed promoted publicized advertised marketed sold traded exchanged bartered swapped gifted donated loan borrowed leased rented hired contracted outsourced subcontracted franchised partnered collaborated cooperatively jointly collectively collaboratively synergistically symbiotically mutually beneficial arrangements partnerships alliances coalitions consortiums federations associations organizations institutions entities bodies agencies departments ministries bureaus offices branches divisions sections units teams task forces working groups committees councils boards panels forums conferences symposiums seminars workshops training sessions educational programs courses classes lectures presentations demonstrations exhibitions showcases displays performances productions events happenings occurrences incidents episodes situations scenarios cases studies experiments trials tests pilots prototypes proofs concepts ideas innovations inventions discoveries breakthroughs advancements progress achievements accomplishments milestones landmarks benchmarks records statistics data analytics insights intelligence knowledge wisdom expertise experience skills competencies qualifications credentials certifications accreditations endorsements recommendations testimonials reviews ratings feedback comments opinions perspectives viewpoints interpretations analyses evaluations assessments appraisals judgments critiques criticisms observations reflections thoughts considerations deliberations discussions debates dialogues conversations interactions engagements encounters meetings gatherings assemblies congregations crowds audiences spectators participants attendees visitors guests patrons customers clients consumers subscribers followers fans enthusiasts supporters admirers advocates activists lobbyists representatives delegates envoys ambassadors diplomats emissaries messengers heralds couriers carriers transmitters broadcasters publishers editors journalists reporters correspondents columnists bloggers vloggers podcasters influencers creators producers directors writers authors illustrators designers artists photographers videographers filmmakers musicians composers performers actors actresses dancers choreographers conductors arrangers orchestrators programmers developers engineers architects scientists researchers analysts consultants advisors coaches mentors trainers instructors teachers educators facilitators moderators mediators arbitrators negotiators conciliators peacemakers conflict resolvers problem solvers solution providers service deliverers suppliers vendors manufacturers distributors wholesalers retailers resellers agents brokers dealers traders merchants entrepreneurs business owners operators managers executives leaders visionaries pioneers trailblazers pathfinders explorers adventurers discoverers seekers searchers questors pilgrims travelers tourists voyagers navigators mariners sailors captains commanders officers soldiers warriors fighters defenders protectors guardians sentinels watchmen lookouts scouts spies detectives investigators inspectors examiners auditors reviewers assessors evaluaters testers validators verifiers certifiers approvers licensors registrars notaries witnesses attestants authenticates authorizers sanctioning endorsing ratifying confirming acknowledging accepting recognizing honoring respecting upholding defending supporting advocating championing promoting publicizing advertising marketing selling trading exchanging bartering swapping gifting donating loan borrowing leasing renting hiring contracting outsourcing subcontracting franchising partnering collaborating cooperating joining collecting combining uniting merging amalgamating integrating consolidating centralizing decentralizing hybrid modeling adopting implementing executing deploying testing validating verifying certifying approving accrediting licensing registering trademark patent copyright protection legal enforcement contractual agreement signing sealing delivering notarization witnessing attestation authentication authorization sanction endorsement ratification confirmation acknowledgment acceptance recognition honor respect uphold defend support advocate champion promote publicize advertise market sell trade exchange barter swap gift donate loan borrow lease rent hire contract outsource subcontract franchise partner collaborate cooperate join collect combine unite merge amalgamate integrate consolidate centralize decentralize hybrid model adopt implement execute deploy test validate verify certify approve accredit license register trademark patent copyright protect legal enforce contract agree sign seal deliver notarize witness attest authenticate authorize sanction endorse ratify confirm acknowledge accept recognize honor respect uphold defend support advocate champion promote publicize advertise market sell trade exchange barter swap gift donate loan borrow lease rent hire contract outsource subcontract franchise partner collaborate cooperate join collect combine unite merge amalgamate integrate consolidate central.

Sources: