Crypto Slumps Alongside Trump's Victory Odds on Polymarket as Uncertainty and Profit-Taking Rise

Not everyone is convinced, however. Quinn Thompson, founder of crypto hedge fund Lekker Capital, told CoinDesk that the U.S. election is only one facet of the current trading environment. Traders, he suggested, have also been looking at tech earnings, ongoing tensions between Iran and Israel and a sharp rise in U.K. gilt yields following the rollout of the government budget earlier this week.