Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin’s Price Breaks $70,000 on U.S. Election Day

Bitcoin’s Price Breaks $70,000 on U.S. Election Day

CryptodnesCryptodnes2024/11/05 16:00
By:Cryptodnes

With the beginning of the election day in the U.S., Bitcoin regained its momentum and surged above $70,000 after the recent correction.

Bitcoin’s price surged by 2.7% in the past 24 hours and is currently trading over $70,000 with $42.9 billion in volume. The market cap now stands at $1.385 trillion.

The 1-day technical analysis shows very bullish santiment with the summary and moving averages pointing to “strong buy” with 16 and 14 signals, respectively, while oscillators remain in “neutral” at 8.

During the past 24 hours $224.95 million were liquidated from the crypto market ($133.21 in long positions and $91.74 million in shorts.)

READ MORE:
Bitcoin (BTC) Set for Volatility as Election Day Begins

Dogecoin was the biggest winner during this period, surging by 14.2% to $0.18 and currently has a market cap of almost $26 billion.

This uptick in the crypto market aligns with the ongoing presidential election in the United States. Many expect Trump’s potential win to boost prices, while others see Bitcoin surging irrespective of who wins.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like