First Mover Americas: Crypto Market Little Changed as U.S. Votes

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Jamie Crawley is a CoinDesk news reporter based in London.

Aside from today's U.S. presidential election, which has traders seeking clues for the next market move, BTC has also been. The defunct crypto exchange transferred over 32,000 BTC to unmarked wallet addresses, often a sign of an impending transfer to exchanges, thereby applying selling pressure to BTC. Bitcoin traded at just under $68,800 late in the European morning, little changed in the last 24 hours.

The memecoin has risen over 40% in the past month thanks to the renewed endorsement by technology entrepreneur Elon Musk as part of the Republican campaign. Musk has been proposing a Department of Government Efficiency — which is abbreviated as D.O.G.E, a clear nod to the token — as an agency that will make government spending and monetary planning more effective.

The stablecoin transfer volume on Base continues to grow fast, outpacing the activity on Solana, the world's second-largest programmable blockchain. Base registered a stablecoin transaction volume of $18.1 billion on Oct. 26, accounting for 30% of the global onchain stablecoin activity.editorial policies

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