Dogecoin (DOGE) has experienced a significant increase in value, largely due to an endorsement from Elon Musk in relation to his proposal for a "Department of Government Efficiency." U.S.-listed spot bitcoin ETFs have seen net outflows, except for BlackRock's IBIT which experienced inflows. The crypto market's reaction is thought to be influenced by the narrowing lead of Donald Trump in election polls, which is traditionally seen as positive for cryptocurrencies. Despite this, DOGE is the only major token in green ahead of the U.S. elections, with expectations for a marketwide surge in the coming weeks. Bitcoin fell in value as defunct exchange Mt.Gox moved $2.2 billion worth of tokens from storage to new wallets. This move has historically caused temporary price dips. U.S.-listed spot bitcoin ETFs experienced significant outflows, with BlackRock's IBIT being the only product with inflows. Traders believe the market correction is related to the changing election polls, with uncertainty over the outcome.



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