With the U.S. presidential election polls showing a tense race, cryptocurrency investors are bracing for volatility.

Just over 792.36 million tokens of a 20 billion target have been sold since its hushed started at 12:40 UTC on Tuesday, raising nearly $11 million

Some market watchers expect a Trump win and Musk’s closeness to the Republican as forthcoming catalysts for dogecoin.

The network hashrate has risen 4% so far this month, while the hashprice is up less than 1%, the report said.

Bitcoin dominance climbs to 58.91%, the highest level in 3.5 years, last reached in April 2021.

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 16, 2024.

CME Bitcoin Futures Open Interest Hits All-Time High with Third-Largest Five-Day Increase, Following Two Price Surges.

Traders seek upside exposure in BTC even as FX option indicate a bias a bullish bias for the dollar index.

A token sale for World Liberty Financial was active earlier on Tuesday before the site crashed.