2024 US Elections Live: Crypto on the Ballot

This live blog is being actively updated with the 2024 US elections.

November 5, 4:11 pm UTC

Bitcoin price surged 3.7% in one hour as US election fever kicks in.

Bitcoin (BTC) jumped 3.7% on November 5 as the volatility of the US presidential election hit the crypto.

Data from Cointelegraph Markets Pro and TradingView tracked the price of Bitz BTC moving towards $70,300 per Bitstamp.

A subsequent correction BTC/USD quickly returned to $69,500, but it was mostly short positions, as the sudden rally caught the market by surprise and saw liquidity.

November 5, 3:59 pm UTC

The FBI has warned the public about fake videos that could mislead voters

The Federal Bureau of Investigation has warned the public that fake videos circulating on X using its name and logo are spreading false election information.

In one instance, a fake news clip falsely claimed that the FBI had warned Americans to “vote remotely” due to heightened terrorist threats at polling stations. According to the FBI, the video is completely fake and does not reflect actual security at the polls.

In another case, prison officials in Pennsylvania, Georgia and Arizona were defrauded by a political party, according to a creative video. The FBI has stated that this allegation is also false. The FBI has urged voters to be wary of false stories intended to undermine confidence in the election process.

November 5, 2:52 pm UTC

When Election Day begins across the United States, Dixville Nott casts its first vote

The final day of voting officially began across the United States at midnight in the small town of Dixville, Knott, New Hampshire. In the year Dixville Notch, a tradition dating back to the 1960s, began Election Day by allowing six registered voters to cast their ballots after midnight, and the results were announced minutes later.

This year's presidential race in Dixville Notch was evenly split, with Kamala Harris and Donald Trump each receiving three votes. As voting continues on the East Coast and beyond, the first results are expected after 6 p.m.

The Associated Press will begin calling presidential, Senate and House races as voting closes in each state. Polls across the country close after midnight in the Aleutian Islands, Alaska, ending in-person voting for the day.

The outcome of the presidential race is determined by how close the candidates are in each region. In the year In 2020, the tight battle between Joe Biden and Trump delayed the final call until Saturday, four days after Election Day.

November 5, 12:35 pm UTC

Is Trump's victory confirmed? Jim Cramer says the markets predict a Harris victory.

TV personality Jim Cramer may have hinted that former US President Donald Trump will win the 2024 presidential election.

On Monday, November 4, Cramer reviewed the stock market's performance and said the moves indicated growing investor confidence in Vice President Kamala Harris' victory in the 2024 presidential election.

“I'm not sure the market is right about what a Harris presidency means for business, but at least we now have a blueprint for what Wall Street thinks it means.”

Some investors are taking Cramer's Harris forecast as a sign of a Trump victory in a phenomenon known as the “reverse Cramer” effect, which shows the opposite result of Cramer's predictions.

Cramer's prediction comes a day before election day in the US, where cryptocurrency is becoming a political focal point for the first time in history.

A reversal of Cramer's trend led to an exchange-traded fund (ETF) to profit from shorting Cramer's stock tips. However, the ETF was closed and released 10 months later, attracting only $2.4 million in investment and returning a negative 15% since its launch — underscoring that Cramer's predictions aren't always wrong.

November 5, 10:49 am UTC

Bitcoin price outlook depends on the outcome of the 2024 US election – analysts

Bitcoin may see higher price volatility following the US presidential election, but some analysts see this as a positive development for the price movement.

As of 8:05 am UTC on Election Day, Bitcoin (BTC) remains overbought below $69,000.

According to analysts at Bitfinex, the current low Bitcoin price volatility reflects the cautious market sentiment ahead of the election results. However, increased volatility may contribute to Bitcoin's price increase, Bitfinex analysts said. Noticed:

“If the expected volatility fails to materialize, it could signal a more critical issue at play and a very deep correction for BTC on lower timeframes. From the perspective of the options market, indifference to price movements often reflects more pessimism than strong buying.”

Bitcoin may benefit from the victory of former President Donald Trump, who is generally seen as a more pro-crypto candidate.

Trump's victory could pave the way for the next bitcoin rally, although analysts at Signum said this could still happen if Vice President Kamala Harris wins the presidency. They wrote:

“[Post-election] The market will continue its upward journey in anticipation of positive regulatory and legislative developments in the US after the new president takes office next January. This could happen regardless of the outcome of the election; However, as market sentiment favors a Trump victory, the rally may be more pronounced in this case.

Bitcoin price was $200 shy of its all-time high before the election when it rose above $73,600 on October 29, the highest level since March.

November 5, 4:55 am UTC

US Bitcoin ETFs had the second highest daily flow on the eve of the election

US-based spot bitcoin (BTC) exchange-traded funds (ETFs) recorded their biggest day of outflows ever on Monday, November 4, on the eve of the US going to the polls.

The 11th-ranked Bitcoin ETFs had net inflows of $541.1 million on Monday, with BlackRock's iShares Bitcoin Trust ETF the only one to see inflows, at $38.4 million, according to CoinGlass data.

It was the biggest day of outflows ETFs have seen outside of May 1, when bitcoin recorded $563.7 million in outflows after falling 10.7% to $60,000 on the week.

Bitcoin has fallen 4.6% in the past seven days to $68,000 as traders reduce exposure to risk assets like crypto ahead of Nov. 5 as Kamala Harris and Donald Trump are tied in the election.

November: 4, 9:05 pm UTC

Trump and Harris are making a final push in battleground states.

In the final hours before Election Day, Democrat Kamala Harris and Republican Donald Trump wrapped up months of campaigning with last-minute rallies and events in swing states.

Harris spent Nov. 4 in Pennsylvania, starting her day in Scranton before delivering remarks in Allentown. She also attended celebrity rallies and concerts in Pittsburgh and Philadelphia.

Trump focused his final push on three battleground states, making stops in Raleigh, North Carolina. Reading and Pittsburgh in Pennsylvania, and Grand Rapids, Michigan. The candidate is expected to return to Palm Beach, Florida, after the final rally, where he plans to cast his vote in person in the morning and host a dinner party for top supporters on election night.

November 4, 6:30 pm UTC

Bitcoin price volatility is expected before the US election

Bitcoin price saw a sharp 8% correction between October 29 and November 3, briefly dropping to $67,446 over the weekend. Although the structure of the HTF market remained bullish, traders expected volatility as the US presidential election approached on November 5.

Related: Crypto Currencies See $2.2B Inflows Amid US Election Cry – CoinShares

November 4, 5:30 pm UTC

The officials warn that the election day may be delayed

Voters heading to the polls on Nov. 5 should prepare for potential obstacles, state election officials have warned.

According to a joint statement from the National Association of Election Directors (NASED) and the National Association of Secretaries of State (NASS), Americans may experience late opening polls, rush hour lines and power outages.

Officials said the election night results were preliminary, as official counts included all ballots — in person, by mail and by military and overseas voters — cast in the following days and weeks. Closed races may require recount or audit to ensure accuracy, he urged the public to be patient.

November 4, 4:55 pm UTC

ICYMI: Donald Trump with Kamala Harris on crypto regulations

In the year Crypto regulation has emerged as a key issue in the 2024 US elections, prompting presidential candidates to share their views on digital assets.

Donald Trump, once skeptical of cryptos, now positions himself as a strong advocate. Criticizing the possibility of Central Bank Digital Currency (CBCC), he expressed his support for the US to become the “crypto capital of the planet”. His campaign even received crypto donations, indicating alignment with pro-crypto voters.

On the other hand, Kamala Harris finally broke her silence on crypto during a Wall Street fundraiser in September, marking her first public statement about the industry. She promised a “safer business environment with uniform and clear road rules” for emerging technology industries such as artificial intelligence and digital assets.

Since her appointment, her advisers have approached major crypto companies to discuss industry-friendly regulations, showing their willingness to engage with crypto leaders.

While Congress will play a critical role in shaping regulatory transparency for digital assets, the White House is expected to set the tone for how federal agencies view the industry.

Learn more about Trump and Harris' views on crypto regulation

Related: Stablecoins and the Dollar: Partners or Opponents in the New Financial Era?

November 4, 4:42 pm UTC

Cryptocurrency has gained a lot of value before the US election due to Trump's victory

A few mysterious entities are controlling the majority of “yes” votes for Donald Trump on the decentralized prediction market Polymarket, with millions betting on the Nov. 5 election. Five big investors, or “whales,” own more than 50% of Trump's shares, which could net him more than $81 million in payouts if he wins.

November 4, 4:30 pm UTC

When will we know the winner? Here's what to expect

Americans are unlikely to know the winner of the presidential race on the night of November 5, as tight contests in key swing states could delay the final results for several days. In the year In 2020, for example, Joe Biden's victory was not announced until four days after the election.

Seven states are considered battleground states this year: Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin. These states are expected to have close margins, which could delay the final count.

Analysts expect this year's results to come before 2020, when the pandemic has hampered voting and counting.

Related: Pennsylvania, Wisconsin spark surge in crypto interest among swing states

November 4, 4:10 pm UTC

Crypto Voters' Guide to Congressional Legislation for the 2024 Election

In the current election, digital assets have taken center stage as a political issue. Industry leaders and advocates are pushing politicians to enact policies that encourage growth and provide transparency about digital assets.

Cointelegraph reporter Vince Quill has compiled the top pieces of legislation to consider right now.

November 4, 4:05 pm UTC

US election and Fed rate cut — 5 things to know in Bitcoin this week

Bitcoin (BTC) is trading at $69,000 heading into the US presidential election week.

The price of the cryptocurrency was trading north of $68,200 to start the week.

November 4, 4:00 pm UTC

Trump and Harris finished campaigning before election day

The 2024 US elections are underway, millions of Americans have already voted. Along with the presidential race between Vice President Kamala Harris and former President Donald Trump, this year's election has 435 House seats and 34 Senate seats that could have major policy swings.

Key issues such as the economy, immigration and crypto regulation are in focus, making this selection particularly relevant to the future of digital finance and innovation.

2024 US Presidential Election: Latest News and Full Coverage