On Election Day, Bitcoin is experiencing volatility, fluctuating above $70,500 before settling around $69,400, gaining about 3% in the past 24 hours. However, certain altcoins are outperforming Bitcoin, with Dogecoin rising 7% to just under $0.17, while Solana and Avalanche increased by roughly 5%. Other meme coins like BONK and Cat in a Dog's World showed even higher gains. Traders are closely monitoring fluctuations as the election results unfold, particularly given Republican nominee Donald Trump's pro-crypto stance and discussions around future regulations under a potential new administration. In the crypto market, approximately $248 million in futures were liquidated in the last 24 hours, with Bitcoin positions accounting for over $69 million of this figure. Analysts are watching for Bitcoin's performance amid the political developments, especially following the approval of spot Bitcoin ETFs earlier this year, potentially drawing more investors into the market.

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