Bitcoin, Ethereum Slip While Dogecoin Surges Ahead Of Presidential Election; Analyst Predicts BTC Will Hit $100K+ Regardless Of Trump Or Harris Win

Bitcoin plummeted additional, however Dogecoin rose as cryptocurrency buyers braced for the high-stakes presidential election.

What Occurred: The world’s largest cryptocurrency fell to $66,800 within the early night earlier than recovering above $68,000 in a single day.

Donald Trump’s growing odds on Polymarket failed to spice up the main coin, which has now erased all of its good points for the reason that climb to near-new highs final week.

Ethereum additionally encountered heavy sell-offs, whereas Dogecoin outperformed the market with over 8% good points within the final 24 hours.

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Cryptocurrency liquidations breached $200 million within the final 24 hours, with bullish leveraged positions accounting for over 75% of the whole.

Bitcoin’s Open Curiosity dropped 0.87% within the final 24 hours. Curiously, 60% of the highest merchants on the cryptocurrency alternate Binance had been leveraged lengthy on Bitcoin as of this writing.

The market sentiment remained within the “Greed” zone, as per the Cryptocurrency Concern and Greed Index, indicating the potential for greater shopping for stress within the days to come back.

Prime Gainers (24-Hours)

The worldwide cryptocurrency stood at $2.22 trillion, following a decline of two.92% within the final 24 hours.

See Additionally: Dogecoin millionaires are growing – investors with $1M+ in DOGE revealed!

Inventory cracked forward of the all-important election. The Dow Jones Industrial Common slipped 257.59 factors, or 0.61%, to shut at 41,794.60. The S&P 500 misplaced 0.28% to finish at 5,712.69, whereas the tech-heavy Nasdaq Composite dipped 0.33%, closing at 18,179.98.

Moreover, costs of U.S. Treasurys rose, with the yield for the 10-Yr Treasury falling to 0.3% on Monday. This recommended that buyers sought refuge in risk-free investments forward of elections.

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