Bitcoin Breaks $69K With Psychological $70K Mark In Site As US Election Nears

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Updated: 21 October 2024

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The Bitcoin price broke above the $69K mark in the last 24 hours and could soon overcome the $70K threshold as the US presidential election nears.

The leading crypto has surged more than 7% in the past week to trade at $69,063.47 as of 2:47 a.m. EST.

Top 10 Cryptos Follow Bitcoin Lead

Almost all of the top 10 cryptocurrencies by market capitalization followed Bitcoin’s lead in the last 24 hours, with only Tron (TRX) recording a decline.

Meanwhile, altcoin king Ethereum (ETH) registered a more than 3% increase in its price over the past 24 hours. Similar to BTC, the latest price increase was a continuation of ETH’s positive weekly performance.

Binance Coin (BNB) posted a more than 1% gain in the last 24 hours, while Solana (SOL) surged 7% to trade at $170.30. Remittance token Ripple (XRP) gained over 1%, Dogecoin (DOGE) jumped more than 4%, while Toncoin (TON) edged up 1% to $5.36.

Donald Trump Leads Kamala Harris In Polymarket Odds As Election Nears

Set to take place on Nov. 5, the US presidential election is less than three weeks away. Trump’s dominance on the decentralized betting platform Polymarket persisted in the last 24 hours.

During this period, the pro-crypto candidate’s odds rose 1%. Overall, bettors on the platform see a 61% chance of the former US president retaking the White House this election.

🚨 BREAKING: For the first time since Kamala Harris entered the race, EVERY BATTLEGROUND state is shaded RED in Polymarket.

That's 312 electoral votes for Donald J. Trump. pic.twitter.com/xoZbx9SXlS

— Eric Daugherty (@EricLDaugh) October 20, 2024