Bitcoin surged past $70,000 as U.S. voters headed to the polls on Election Day, reaching a high of $70,541 and erasing the previous three days' losses.
The cryptocurrency market saw significant inflows, with digital asset investment products attracting $2.2 billion from October 26 to November 2, pushing year-to-date inflows to an all-time high of $29.2 billion.
Assets under management hit a record $102 billion, with Bitcoin receiving the majority of these investments. Analysts suggest that anticipation of a potential Republican win, particularly a victory for Donald Trump, fueled early-week surges, though shifting polls led to slight outflows by Friday.
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#undefined [Source: TheDefiant]