Bitcoin Hits $71K, Ethereum, Dogecoin Surge As Results Trickle In For Trump-Harris Presidential Battle: Analyst Predicts ‘Kickstart Of The Bull Market’

Leading cryptocurrencies jumped as polls began to close in the high-stakes presidential election between Donald Trump and Kamala Harris.

Cryptocurrency Gains +/- Price (Recorded at 8:30 p.m. EDT)
Bitcoin (CRYPTO: BTC) +4.68% $71,154.46
Ethereum (CRYPTO: ETH)
               
+2.23% $2,460.12
Dogecoin (CRYPTO: DOGE)           +8.20% $0.1763

What Happened: After days of retracement, Bitcoin got back in the groove as it breached the $71,000 level. The leading cryptocurrency was just 3.8% away from its all-time high of $73,737.

Ethereum also approached $2,500, while Dogecoin, the king of joke coins, surged by more than 8% as election results began to come in.

Trump was leading in the battleground states of Georgia and Florida, resulting in his odds on Polymarket shooting to 72%. 

Ethereum also encountered heavy sell-offs, while Dogecoin outperformed the market with over 8% gains in the last 24 hours.

Short sellers suffered as more than $133 million in bearish bets were wiped out due to the rally. 

Bitcoin’s Open Interest …

Full story available on Benzinga.com