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Cryptocurrencies were in the green on Tuesday, with bitcoin briefly topping $70,000 as investors looked forward to results from the U.S. presidential election. Bitcoin was last higher by nearly 3% at $69,469.37, according to Coin Metrics. Earlier, it rose as high as $70,522.84. It is currently 5% off its all-time high, after trading within spitting distance of it last week. The token tied to Solana gained more than 5%, while payments token XRP rose more than 1%. Memecoins jumped, with dogecoin and Shiba Inu coin soaring 7% and 4%, respectively. Ether was little changed at $2,429.24. Stocks tied to the price of the cryptocurrency got a boost. Exchange operator Coinbase and MicroStrategy, which often trades as a high beta play on the price of bitcoin, advanced 4% and 2%, respectively.The race between Vice President Kamala Harris and former President Donald Trump for the next presidency has been called the most important election in the crypto industry's lifetime. Many view a Harris win as a threat to crypto, the extent to which has been debated throughout this election cycle. Trump, on the other hand, is seen by many as a force for good in the industry after he presented himself earlier this year as the pro-crypto candidate and has been courting the industry more directly than Harris has. Regardless of the eventual winner, bitcoin will likely survive and thrive, according to Bernstein analyst Gautam Chhugani. "Bitcoin remains the most resilient within crypto to election outcome," he said. "Bitcoin's primary drivers remain U.S. fiscal indiscipline, record debt levels and monetary expansion, driving up demand for hard assets such as gold and bitcoin. We believe bitcoin, being less than 0.1% of global financial assets, has enough headroom for growth regardless of election outcome."$XRP

The excitement of trading just got better! Showcase your trading prowess by sharing your Profit & Loss (P&L) stats and stand a chance to win up to 3000 USDT. This opportunity isn't just about numbers it's a celebration of skill strategy and success. Whether you're a seasoned pro or a rising star this is your moment to shine. How to Participate: 1. Share your trading P&L during the event period. 2. Ensure your stats are impressive and well documented. 3. Submit as per the platform's guidelines to qualify for the prize pool.

  The digital asset has been on a bullish momentum since Trump’s win. However, the market has failed to maintain its upward trajectory and consolidate as it cools down, as indicated by the RSI’s obvious overbought signal at the beginning of November. Even though the $2 support level was tested earlier today, it is still in place and can drive the price north toward the $3 level once more. A more significant correction toward the $1.4 level would be anticipated if the $2 level is decisively broken down

🎄 Share your trading P&L for this year and your future trading plans to participate in a prize pool of up to 3,000 USDT (distributed as trading fee rebate vouchers). You also have a chance to win exclusive Bitget Christmas merch! 🧑‍🎄 Event Period: December 20, 2024, 00:00 - December 27, 2024, 24:00 (UTC) Join the topic: https://www.bitget.com/insights/topics/details/13326 🔔 Event Rules 1. How to Participate - Post under the designated event topic tag to share your trading P&L or future trading plans. Rankings will be based on the post with the highest number of likes. Tips: Including screenshots of your P&L or sharing detailed trading plans can help you earn more likes. 2. Participation Requirements - To qualify for the prize pool, at least one of your posts must have more than 3 likes. 3. Event Rewards By Likes Ranking: a. The top 40 users will equally share a 400 USDT prize pool. Additionally, 2 outstanding content creators will be selected to receive exclusive Bitget Christmas merch. Outstanding Content Awards: Content quality will be judged based on originality, engagement, and views. 2 creators will win Bitget Christmas merch. b. Users ranked after the top 40 will share the remaining prize pool of up to 3,000 USDT. Total Participants Prize Pool Under 100 200 USDT 100 - 500 800 USDT 500 - 1,000 1,500 USDT Over 1,000 3,000 USDT 🪧 Terms and Conditions 1. This event is only open to users who registered before the event start date. 2. Avoid duplicate or plagiarized content. Any posts found to be copied or reposted may result in disqualification. 3. Rewards will be distributed as spot fee rebate vouchers and credited to your account within 7 business days. Users can claim their rewards in the "Coupons Center." 4. Posts must be relevant to the event theme. Spam, irrelevant content, or cheating behaviors such as fake accounts or like manipulation will lead to immediate disqualification. For more details, please refer to the: https://www.bitget.com/support/articles/9139373288473-insights-agreement-and-disclaimer. 5. Bitget reserves the right of final interpretation for this event. For inquiries, please join the official Insights Telegram group (@BitgetInsightsOfficial).

Here's how to participate: Steps to Participate 1. *Share Your Trading P&L*: Post a screenshot or image of your trading Profit and Loss (P&L) statement. 2. *Follow the Rules*: Check the official rules for eligibility criteria, submission guidelines, and prize details. 3. *Submit Your Entry*: Share your P&L statement on the designated platform or forum. Tips for Winning 1. *Accuracy Matters*: Ensure your P&L statement is accurate and up-to-date. 2. *Clarity Counts*: Make sure your submission is clear, readable, and easy to understand. 3. *Be Creative*: Share your trading story, strategies, or lessons learned to stand out from the crowd. Prize Details 1. *Up to 3,000 USDT*: Win a share of the prize pool by participating and sharing your trading P&L. 2. *Recognition*: Get recognized as a participant and potentially featured on the platform or forum. Don't miss this opportunity to share your trading experience, win exciting prizes, and connect with fellow traders!