The vote counting process for US Elections 2024 has begun, and as Donald Trump is shown to be leading Kamala Harris in most of the swing states, Bitcoin crossed $71,000.
Bitcoin(BTC) hitting the $70,000 mark came in after last week’s slight dip with price going as low as $67,090, on November 5, after exceeding $71,000 on 1st November. However, as counting began, signs of recovery kicked in. As a result, BTC is now trading at 71,431, after a surge of 5.15% in the past day.
As for what could be the driving force behind the recovery, for starters, Trump leading Harris, could be one of it. According to the U.S. polling aggregation website RealClearPolitics, as of local time on November 5th, Trump led Harris by 2.8 percentage points in Arizona, led by 1.3 percentage points in Georgia, led by 1.2 percentage points in North Carolina, led by 0.6 percentage points in Nevada, and led by 0.4 percentage points in Pennsylvania.
Recent reports suggest Harris leads Trump in only two states – Michigan by 0.5 percentage points and Wisconsin by 0.4 percentage points.
Preliminary results of exit polls also seem to have positive news for Republicans, as it showed 44% of voters have a favorable view of Trump, compared to 46% in the 2020 exit poll. 48% of voters have a favorable view of Harris, while in the 2020 poll Biden was at 52%.
Reports from ABC News suggest that Florida, USA, which is known for its fast vote counting speed, is living up to its reputation as one-third of the expected votes have been counted, and as of yet, Trump has a 51% vote share, Harris has 48%.
Even as the Associated Press report reveals Trump wins Indiana and Kentucky, Harris gives a tough blow to him with reports from Associated Press revealing that she won Vermont. Stay in tuned for more details!
