CandleFocus Bitcoin Is Winning on Election Day—These Altcoins Are Doing Even Better
2024-11-05
Author: Content Editor
BTC briefly reached above $70,500 but then dropped below $69,000, stabilizing at around $69,400. It is still up by 3% over the past 24 hours but has dropped by 4% over the past week. Other altcoins like Dogecoin, Solana, and Avalanche have seen even greater jumps in price. Traders are expecting significant fluctuations in Bitcoin's price following the U.S. election. $248 million worth of crypto futures have been liquidated in the past 24 hours, with Bitcoin positions leading the way. Analysts believe that Bitcoin is a key asset to watch during Election Day as it has been heavily talked about by Donald Trump. The approval of spot Bitcoin ETFs has increased investor exposure to the cryptocurrency.
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