Bitcoin

Dogecoin

<a href="https://optimisus.com/news/crypto-news/bitcoin-btc-nears-all-time-highs/" rel="noopener noreferrer nofollow">Bitcoin</a> has recently surged to an impressive new high of over $75,000, largely influenced by a significant $94 million liquidation of bearish positions against it, according to Coinglass data.This spike coincided with early voting results favoring Republican candidate Donald Trump, who is seen as more supportive of the cryptocurrency industry compared to his Democratic counterpart, Kamala Harris.As Trump&#39;s chances of winning the presidency climbed to 85% on betting platform Polymarket, Bitcoin experienced a notable 7.5% increase in just 24 hours, with a particularly sharp rise in the last two hours.Additionally, Bitcoin is trading at a premium on Coinbase, indicating a resurgence of interest from U.S. investors. Meanwhile, Dogecoin (DOGE) has also seen remarkable growth, rising nearly 20% since Tuesday and boasting over 65% gains in the past month, making it the top-performing major cryptocurrency.This surge in <a href="https://optimisus.com/news/crypto-news/dogecoin-doge-price-surges-by-over-10-in-the-past-24-hours/" rel="noopener noreferrer nofollow">DOGE&#39;s value</a> is partly attributed to over $30 million in short liquidations in the last day, reflecting a strong demand for the token. The open interest in DOGE futures has also increased significantly, suggesting traders are anticipating further price movements.The recent rise in DOGE has been bolstered by endorsements from tech mogul Elon Musk, who has proposed a new government agency called the Department of Government Efficiency (D.O.G.E), cleverly linking it to the cryptocurrency.

Bitcoin hits new all-time high of over $75K as Trump dominates

Optimisus

Other articles published on Nov 6, 2024

Ethereum Price Prediction: Can ETH Price Hit $3.2k This November?

Crypto Market Reacts to U.S. Election with Major Gains

Trump’s Potential Victory Paves Path for Bitcoin’s $100,000 Target

Crypto Community Watches Closely As Trump Prepares To Implement Pro-Crypto Policies, Potentially ...

Trump 2.0 is here: the greatest political comeback in history

US Presidential Elections 2024 Results: Crypto Critic Elizabeth Warren Wins Against John Deaton

Join our free newsletter for daily crypto updates!