Polymarket has become a prediction platform forecasting that Donald Trump will become president.

According to Polymarket's prediction market data, Trump's chances of winning skyrocketed from 58% to 99% as the vote counting began. According to the latest situation reported by the Associated Press, Trump has 247 electoral votes, while his opponent Harris has 214. Trump's potential victory, who is a supporter of the cryptocurrency sector, has stirred the digital asset markets.

Cryptocurrency Markets Rising with the Trump Wind

Bitcoin (BTC) reached a new record high of $75,011 as the election results developed in favor of Trump. This rise in the cryptocurrency markets is attributed to Trump's positive approach towards the sector.

Although Trump initially approached cryptocurrencies with skepticism, he gradually became a supporter of the sector, increasing investors' confidence. Ethereum (ETH), Solana (SOL), and other altcoins were also affected by this positive atmosphere. Especially, the favorite cryptocurrency of Trump supporter Elon Musk, Dogecoin (DOGE), saw a 26.64% increase in the last 24 hours.

The Polymarket platform stated that the election result will be finalized when Associated Press, Fox, and NBC declare the same candidate as the winner. If this does not happen, the market will remain open until the inauguration day and will conclude based on the person who is sworn in.