Bitcoin, Solana Hit New Cycle Highs Against Ether as Trump Edges Closer to U.S. Presidency
Bitcoin dominance approached 61% with Solana dominance also primed to touch record high.
Markets
Dogecoin Rockets 25% as Trump Nears Victory, Top Trader Signals More Gains Ahead
“There is going to be a media frenzy about Elon and how his aggressively backing Trump and the ‘Department of Government Efficiency’ narrative could have been a deciding factor for a Trump win,” one trader said.
Solana Jumps 17%, Flips BNB Chain Token, as Trump’s Lead Renews ETF Hopes
An incoming crypto-friendly Trump administration could make allowing crypto ETFs in the U.S. easier, traders say, boosting SOL’s prices.
‘It’s So Early’: How Solana Is Competing With Ethereum for Institutional Interest
Solana has a reputation as a memecoin hub, but financial institutions are looking to build on the network.
Bitcoin Price Crushing Altcoins Heading Into U.S. Election. Is There an Alt Rally Coming After?
Altcoins have lagged throughout the year amid regulatory uncertainty, and hence, K33 Research analysts said they are “more sensitive” to the election results.
Dogecoin Rallies, Bitcoin ETFs Bleed Ahead of U.S. Elections
BTC fell amid a transfer of $2.2 billion worth of the asset by defunct exchange Mt.Gox from its storage to new wallets.
Bitcoin Traders Wary of Price Drop in U.S. Election Week, CME Options Show
“It looks like bitcoin options traders appear to be hedging their bets to the downside ahead of the U.S. election this week,” one observer said, noting pricier puts on the CME.
BTC Drops Under $68K as Mt.Gox Sends $2.2B Bitcoin to Two Wallets
A majority of that stash, or nearly 30,400 BTC, was sent to “1FG2C…Rveoy” and 2,000 BTC was moved to “15gNR…a8Aok” after first being sent to a Mt. Gox cold wallet.
Bitcoin Hits Record High Against BlackRock’s U.S. Treasury ETF as Investors Search for Returns: Van Straten
At the same time, crypto investors are looking to reduce risk ahead of the U.S. election, driving bitcoin’s crypto-market dominance to a cycle high.
If U.S. Election Is Disputed, Prediction Markets Could Face ‘Hornet’s Nest’
How will Polymarket and Kalshi resolve their presidential bets if there’s another Jan. 6 or Bush v. Gore situation?