Crypto traders are pleased with Bitcoin (BTC) 
$98,576 surpassing the $90,000 mark, aiming for $100,000. Meanwhile, DOGE has experienced double-digit gains for several days, and many altcoins have reached annual highs. However, an underlying issue looms over the market.
Potential Decline in Cryptocurrencies
The atmosphere in the crypto markets recalls familiar bullish days, yet such trends may not last long. A significant concern for crypto traders is the possibility of Donald Trump facing investigations following his potential electoral victory. Such a scenario echoes past controversies, including the allegations of Russian interference in the previous elections.
Recent breaking news reports from the New York Post, relying on anonymous sources, suggest that the Federal Bureau of Investigation (FBI) is investigating Polymarket CEO Shayne Coplan. The sources claim that Coplan’s phone and electronic devices were seized during a morning raid, but the reasons for this action remain unclear, raising questions about the reliability of the sources behind the allegations.
Polymarket users predicted Donald Trump would win the U.S. presidential election on November 5. While this appears to align with crypto traders’ desires for Trump’s election, emerging allegations of wash trading prior to the elections add confusion. The potential of the FBI claiming that certain Russian businessmen invested millions in prediction platforms to sway public perception would not come as a surprise.
The DOGE price’s quicker decline compared to BTC indicates that some traders are preemptively taking precautions. Although these allegations might prove unfounded, they potentially complicate Trump’s path to office, marking a historic shift. Regardless of the outcomes, the uncertainty surrounding the future remains palpable.
