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How does the election results affect cryptos? Bitcoin's impact is limited, while small coins may face a major shake-up.
On Tuesday, bitcoin once rose nearly 5%, exceeding $70,400 during the session. Dogecoin surged 18% at one point, partly due to comments from its longtime supporter Musk. The cryptos market is expected to be extremely sensitive to the election results, with strong demand for bitcoin options surrounding the USA presidential election.