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New Canadian P.M. Carney Closes Gap on Polymarket with BTC-Friendly Poilievre

Newly elected Canadian Prime Minister Mark Carney, who recently won a leadership contest of the Liberal Party to replace Justin Trudeau , has dramatically increased his odds of winning the next federal election in the eyes of Polymarket bettors. Carney now has a 49% chance of winning the next Canadian election, compared to 26% a month ago. Conservative opposition leader Pierre Poilievre`s chances are at 51%, down from 72% in February. The next Canadian federal election is scheduled to occur on October 20, 2025. However, under Canada`s Westminster system, if the opposition Conservatives and NDP jointly vote against the minority Liberal government on a confidence motion after Parliament resumes from prorogation on March 24, requested by Trudeau on Jan. 6 , as he announced his resignation plans pending a new Liberal leader, the government would fall, triggering an election. Carney closing the gap against Poilievre on Polymarket – despite a lag between prediction markets and the polls – echoes what the polls are showing. The Conservatives are just one percentage point ahead of the Liberals, according to Canadian pollster Nanos Research , down from nearly a 16-point lead a month ago according to a polling average. Observers credit this dramatic shift to trade threats from the U.S., with pollsters indicating Canadians prefer Carney`s business sense and central bank experience over his opponent. This is all a bit of a contrast to last year`s U.S. election, where prediction markets consistently showed that then-Republican candidate Donald Trump had a lead over his Democratic opponents. The election result, as CoinDesk wrote in an editorial at the time , was only a surprise to those who get their information from CNN. Crypto on the Canadian campaign trail? Crypto doesn`t seem to be a major plank of a hypothetical Canadian election. While Poilievre holds a Canadian-issued BTC ETF , according to disclosures, and has previously made pro-blockchain and crypto comments , most of the campaign rhetoric appears to be about the trade war. Likewise, Carney, who has made mixed if not skeptical comments on crypto in his role as Bank of England governor hasn`t yet spoken about the topic in his new role as Liberal leader. CoinOtag

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Ethereum at a Crossroads: Will ETH Fall to $1,250?

The largest altcoin by market cap has been among the biggest underperformers during the late 2024/early 2025 bull run, which saw many assets, including BTC, chart fresh peaks. ETH’s most recent performance has been even more painful, as the asset dumped to its lowest level since November 2023 at under $1,800. The question raised now by analysts is whether ETH will continue losing ground and dump to $1,250. ETH at $1,250? Remember 2021? Back then, ETH was charting massive gains and its price soared toward $5,000. In fact, speculations emerged about a potential event called the ‘flippening,’ in which Ethereum could surpass Bitcoin and become the world’s largest cryptocurrency. Fast-forward some three and a half years later and that seems as distant from reality as fiat money becoming disinflationary. ETH bottomed below $1,000 during the 2022 bear market but went on the offensive again two years later. It failed to decisively overcome the $4,000 target despite its numerous attempts to conquer it in 2024. The latest rejection came in mid-December. Since then, ETH’s price has nosedived hard, which culminated (for now) earlier this week with a drop below $1,800. As such, Ethereum not only erased all the gains registered after Trump’s presidential election victory but even plunged to its lowest levels since November 2023. According to Ali Martinez, a crypto analyst with over 130,000 followers on X, the asset’s price drop meant that it had broken out of a years-long parallel channel, which could spell further trouble. In fact, he forecasted a slump to $1,250 – a level not seen in over two years. #Ethereum $ETH targets $1,250 after breaking out from this parallel channel! pic.twitter.com/XS3N9p8Unr — Ali (@ali_charts) March 14, 2025 But ETH Whales Keep Buying CryptoPotato has repeatedly reported in recent weeks Ethereum whales’ predominantly bullish behavior. Recall that within a 48-hour period alone, they accumulated 1.1 million ETH, which is nearly 1% of the total supply. At the prices back then, it was worth over $2 billion in USD . Martinez brought another chart showing that these large entities acquired more than 420,000 ETH in the following five days, valued at $800 million at today’s prices. Such massive accumulations should benefit the underlying asset as they decrease the immediate selling pressure. However, ETH’s price is yet to stage a notable recovery as it still sits below $2,000. Whales have bought more than 420,000 #Ethereum $ETH in the last five days! pic.twitter.com/ZFF57gbq0e — Ali (@ali_charts) March 14, 2025 The post Ethereum at a Crossroads: Will ETH Fall to $1,250? appeared first on CryptoPotato . CoinOtag