Bitcoin Breaks $75,000 Record as Early US Primary Results Show Trump Lead
Daily Top Performer — Dogecoin (DOGE)
The S&P 500 rose 1.23%, led by gains in consumer, industrial, utility, and tech sectors, as investors await election results and a potential Fed rate cut. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 5.69%, with Bitcoin and Ether rising by 3.20% and 1.79%, respectively in the past 24 hours.
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Today’s top performer is DOGE, which surged 17.0% amid speculation fueled by Musk’s support for Trump and talk of a potential "D.O.G.E." role.
Dogecoin (DOGE), launched in 2013, is a peer-to-peer cryptocurrency created as a decentralized "joke coin." Dogecoin surged on Election Day, fueled by Elon Musk’s support for Trump and speculation about a potential government role, "D.O.G.E.," if Trump wins. This extended Dogecoin’s recent gains, with Musk’s influence boosting the meme coin despite his limited involvement in crypto.
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Talk of the Town
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A surge in Bitcoin's value pushed it beyond $74,000, exceeding Bitcoin's earlier record of approximately $73,750 and setting a new all-time high. This price movement occurred amid early exit polling from US elections that suggested Donald Trump was performing well and leading the polls. As of this writing, Polymarket is indicating a 90% chance that Trump wins.
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Bitcoin Spot ETF Flows
Category | Flow (millions) |
GBTC | 0.0 |
Non-GBTC | (72.6) |
Total | (72.6) |
Yesterday, the total BTC Spot ETF flow was -$72.6 million, with GBTC showing no flow and Non-GBTC products experiencing a $72.6 million outflow.
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Airdrop to Watch
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tETH (Turbo ETH), the first Unified Restaking Token on Eclipse, is now available for minting. Users can mint tETH by selecting a supported asset on the minting site. However, redemption is not yet available, so only mint what you're comfortable holding long-term.