As Americans head to the polls to vote for their president and determine control of the two houses of Congress, risk assets are on the rise. Bitcoin crossed above $70,000, up 2.4% in the past 24 hours, while the broader CoinDesk 20 Index increased by 1.6%. Ether, however, continued to underperform bitcoin. Crypto-linked stocks also saw gains, with companies like Semler Scientific, Marathon Digital, Riot Platforms, and Hut 8 sporting increases. The Nasdaq and S&P 500 were up in traditional markets, and the 10-year U.S. treasury yield rose. Polls indicate a tight race for the U.S. presidency and control of the House and Senate, with betting markets showing higher odds for a Donald Trump victory.



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