Bitcoin's price has risen above $70,000 as Americans head to the polls for the 2024 elections, marking a 2.4% increase over the past 24 hours. The broader cryptocurrency market also saw a gain of 1.6%. Ethereum continues to lag behind Bitcoin, with the ETH/BTC ratio reaching its lowest point since April 2021. Semler Scientific reported a 26% rise in its stock price after announcing additional Bitcoin purchases, similar to MicroStrategy's strategy. Key Bitcoin mining companies like Marathon Digital, Riot Platforms, and Hut 8 experienced gains, while Coinbase shares rose by 3%. Traditional markets also showed positive movements, with the Nasdaq up more than 1% and the S&P 500 rising 0.8%. Meanwhile, betting markets imply a 62% chance of a Donald Trump victory. The election outcome could influence control of Congress, intensifying market volatility.

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