Recent data from Polymarket indicates a 4.5% decrease in Donald Trump’s likelihood of winning the presidency just three days ahead of the anticipated results. This drop aligns with a significant stall in the broader cryptocurrency market, including Bitcoin 
at $69,677 and various altcoins.
### Overview
– **Trump’s Majority Decreases in Some States**
– **Pause in Bitcoin and Altcoin Activity**
#### Trump’s Majority Decreases in Some States
In the previous week, former President Trump’s probability of victory was recorded at over 60%, according to Polymarket data. However, by Friday evening, this figure had decreased by 4 percentage points. Currently, Trump holds a lead of 58.1%, which translates to a 16-point advantage over his rival, Kamala Harris.
Despite Trump’s overall lead, Harris is gaining traction in states like Wisconsin and Michigan. On the other hand, Trump continues to dominate in key states such as Arizona, Pennsylvania, Nevada, and Georgia. Polymarket has commented on this evolving situation.
#### Pause in Bitcoin and Altcoin Activity
Bitcoin prices peaked at $73,000 at the start of the week but fell below the $70,000 mark by October’s end. This correction was observed yesterday, leading to declines in altcoins like ETH, SOL, and XRP. Analyst Checkmatey observed:
The BlackRock Bitcoin ETF, IBIT, has recently attracted significant attention, with total inflows surpassing $26 billion in just two weeks. Approximately 180,000 BTC owned by long-term investors have shifted to major ETF buyers, mitigating certain risks. Meanwhile, Ethereum 
is trading below $2,500, prompting speculation among traders about further price drops. Nevertheless, if ETH can hold its support level, a rebound may be on the horizon.
In summary, the decline in Donald Trump’s electoral prospects has introduced a degree of uncertainty into the cryptocurrency market. As investors reevaluate their strategies in light of the election outcomes, the effects on Bitcoin and altcoins are becoming increasingly apparent. With market volatility in play, it may be wise for investors to adopt a cautious approach.
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**Disclaimer**: The content of this article is not intended as investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry inherent risks; therefore, conducting personal research is essential.
