Dogecoin Rallies 10%, Bitcoin ETFs Bleed $541M Ahead of U.S. Elections

Dogecoin was the only major token in green ahead of the widely-watched U.S. elections, with some expecting a marketwide surge in the coming weeks regardless of whichever candidate wins. The memecoin has jumped over 10% in the past 24 hours even as bitcoin (BTC) lost nearly 3%, and all major tokens registered losses between 1%-5%. The broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market capitalization, fell 3%. DOGE has risen 50% in the past 30 days on a renewed endorsement by technology entrepreneur Elon Musk as part of the Republican campaign. Bitcoin fell as defunct exchange Mt.Gox sent $2.2 billion worth of tokens.

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