2024-11-7 19:03 |
The scrutiny comes after a French national profited handsomely on the platform by placing large bets on Trump winning the U.S. election
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With the crypto-friendly Donald Trump being elected president, industry leaders are now awaiting his first big move, which could be appointing a new chair of the U.S. Securities and Exchange Commission.
Part of BTC’s spike could be attributed to a $94 million liquidation of bearish or hedged bets against the asset, Coinglass data shows, as Trump leads in early voting.
While volatility is price-agnostic, recent flows in the options market suggest bullish expectations.
At least according to betting markets, the U.S. presidential election has moved to nearly a 50/50 race versus an easy Trump victory just days ago.
The leadership election was set-off by former Prime Minister Rishi Sunak's decision to resign as party leader.
The October employment numbers are among the last pieces of economic data the Fed will see prior to its policy setting meeting next week.