Sunday Jul 20 2025 08:43
1 min
The cryptocurrency market saw a significant movement today, with Bitcoin crossing the $71,000 mark and Dogecoin surging over 15%. The surge comes as betting odds favour Donald Trump’s chances in the upcoming U.S. presidential election. Dogecoin's price, fuelled by Elon Musk’s playful association with Trump’s campaign, highlighted how political sentiment is increasingly intertwined with crypto trends. As Election Day nears, the heightened volatility is expected to continue, drawing attention from traders looking to leverage this unusual convergence of politics and cryptocurrency.
Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.
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