Bitcoin hits record high, DOGE surges 27% in the name of Government Efficiency Commission

With Trump (Donald Trump) leading in the US election, Bitcoin has reached a new all-time high, reaching a peak of $75,000 before the deadline. The top 10 cryptocurrencies by market cap have also seen good gains, especially Doge, which is closely related to Musk, rising 27% in 24 hours under the name of the Department of Government Efficiency (DOGE). (Trump leading in the US election, Bitcoin reaches a new all-time high!)

Bitcoin breaks new high

Bitcoin has surged from this morning's $69K, finally breaking the year's high of $73,777, reaching a peak of $75,000 before the deadline.

Probability of Solana spot ETF increases, SOL surges 14%

Trump's friendliness towards cryptocurrencies and the potential relaxation of regulations have also led to a 14% surge in SOL. The US Securities and Exchange Commission (SEC) has approved Bitcoin and Ethereum spot ETFs this year, and it is speculated that Solana spot ETF could be next, with asset management companies like VanEck, 21Shares, and Canary Capital having filed applications for Solana spot ETFs.

SOL has also surpassed BNB to become the third-largest cryptocurrency by market cap.

Doge surges 27% under the name of the Department of Government Efficiency

The American business tycoon Elon Musk, who has openly supported Trump, previously agreed to lead the newly established Department of Government Efficiency (DOGE), which coincidentally shares the same abbreviation as Dogecoin. Musk, who has often used Dogecoin as a meme, has also frequently posted about it, triggering Dogecoin's surges.

This time, Doge has not missed the opportunity presented by the election, with a 24-hour gain of 27%, topping the top 10 cryptocurrencies by market cap and rising to the fifth position in the rankings.

(Trump to establish a government efficiency commission led by Musk)