Bitcoin and Ethereum Slide While Dogecoin Surges Ahead of Presidential Elections; Analyst predicts BTC will reach $100K+ regardless of whether Trump or Harris win

Bitcoin declined further, but Dogecoin rose as cryptocurrency investors braced for the high-stakes presidential election.

What happened: The world’s largest cryptocurrency fell to $66,800 in the early evening before rebounding above $68,000 overnight.

Donald Trump’s increasing opportunities Polymarkt failed to boost the leading coin, which has now erased all its gains since climbing to near-new highs last week.

Ethereum also faced heavy sell-off, while Dogecoin outperformed the market with a gain of over 8% in the past 24 hours.

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Liquidations in cryptocurrency have surpassed $200 million in the last 24 hours, with bullish leveraged positions accounting for more than 75% of the total.

Bitcoin Open Interest is down 0.87% over the past 24 hours. Interestingly, 60% of the top traders are active on the cryptocurrency exchange Binance were long on Bitcoin at the time of writing.

Market sentiment remained in the ‘Greed’ zone as evidenced by the Cryptocurrency Fear and Greed Index, indicating the potential for higher buying pressure in the coming days.

Top risers (24 hours)

The global cryptocurrency hit $2.22 trillion, after dropping 2.92% in the past 24 hours.

See also: The number of Dogecoin millionaires is increasing – investors with $1M+ in DOGE revealed!

Stocks crashed ahead of the all-important election. The Dow Jones Industrial Average fell 257.59 points, or 0.61%, to close at 41,794.60. The S&P500 lost 0.28% to end at 5,712.69 amid tech-heavy trading Nasdaq Composite fell 0.33% to close at 18,179.98.

In addition, US Treasury prices rose, with the yield on the 10-year Treasury note falling to 0.3% on Monday. This suggested that investors were turning to risk-free investments in the run-up to the elections.

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