Election Boost: Cryptocurrencies Surge Amid U.S. Election Waves!: Guest Post by The Bit Journal

As the U.S. presidential election progresses, markets have shown volatility, and cryptocurrency has felt the impact in a big way. With Bitcoin and other top altcoins experiencing significant upticks, expectations have soared, especially with Republican candidate Donald Trump’s rising odds, which many believe could favor crypto-friendly policies. BTC recently reached $74,000, while other tokens, including Dogecoin, have also enjoyed notable gains. Here’s the breakdown.

Bitcoin’s Latest Price Surge

Bitcoin (BTC) jumped nearly 9% over the past 24 hours, reaching a high of $74,366. The day’s low was $68,147.62, with a peak at $75,011.06. BTC’s market cap has climbed to $1.47 trillion, while its market dominance stands strong at 59.60%. Interestingly, this rise occurred despite outflows from spot Bitcoin ETFs, amounting to around $72.67 million.

The significant movement in Bitcoin has stirred interest, illustrating the potential influence of U.S. election outcomes on the crypto market. Investors now wonder if Bitcoin’s role as a “safe haven” asset may grow in the uncertain political landscape.

Ethereum Holding Strong with a 7% Gain

Ethereum (ETH) also performed well, rising close to 7% in the past day and trading at $2,579. The day’s lowest and highest levels were $2,402.50 and $2,631.72, respectively. With a market cap around $310.25 billion, Ethereum has remained stable despite a lack of major movement in spot Ethereum ETFs. Analysts are closely watching whether ETH will maintain its momentum, hinting that a new rally could be on the horizon.

Solana and XRP Also on the Rise

Solana (SOL) surged 16% over the last 24 hours, now trading at $184. It saw a low of $159.38 and a high of $185. With a market cap of $87.09 billion, Solana’s steady performance points to its resilience within the market.

Meanwhile, XRP recorded a 6% gain, now priced at $0.5312. Its daily range spanned from $0.5048 to $0.5359. Large whale transactions—totaling $814 million—have generated buzz among investors, with speculation on potential price impacts.

Meme Coin Frenzy: Dogecoin and Other Top Gainers

Dogecoin (DOGE) led the meme coin category, rocketing 27% to reach $0.2074. Shiba Inu (SHIB) followed closely, climbing 11%. Other meme coins like PEPE, WIF, and BONK also posted gains of 15-20%. Investors have turned their eyes toward this sector, excited by the potential for high returns.

Among the top performers, Goatseus Maximus (GOAT) surged nearly 50%, reaching $0.7005. Sui (SUI) gained 21%, while dogwifhat (WIF) rose by 20%, showing a strong response across altcoins amid election-driven speculation.

A Few Decliners Amid the Surge

Despite the overall upward trend, a few coins showed slight declines. TRON (TRX) dipped by 0.21%, trading at $0.1621, while Monero (XMR) saw a modest drop of 0.2%, now at $159. These minor losses provide a calmer perspective within an otherwise booming market.

With a renewed focus on cryptocurrency, The Bit Journal will continue to track the latest market trends as the election outcome unfolds, shaping potential long-term effects on the crypto landscape.

Election Boost: Cryptocurrencies Surge Amid U.S. Election Waves!

Table of Contents

Bitcoin’s Latest Price Surge

Ethereum Holding Strong with a 7% Gain

Solana and XRP Also on the Rise

Meme Coin Frenzy: Dogecoin and Other Top Gainers

A Few Decliners Amid the Surge

The Bit Journal

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