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Bitcoin has reached new heights, breaking its previous all-time high with a jaw-dropping surge to $75,656, according to Coinglass. The largest cryptocurrency stunned the market by taking a sharp 9.4% rise over the last 5 hours, defying expectations and taking the market by surprise.

As Election Day approaches, digital assets are making waves in U.S. politics, even though Bitcoin won’t be on the ballot. From public exchanges between congressmen and crypto industry leaders to presidential candidates’ promises to create new regulations for the sector, the influence of cryptocurrency is undeniably shaping this election cycle.

In a recent analysis shared on X, cryptocurrency expert Jason Pizzino examined the potential ramifications of the impending US elections on financial markets, particularly Bitcoin and stocks.

As the 2024 election season approaches, the landscape of U.S. politics is witnessing a growing divide regarding cryptocurrency.

As the 2024 U.S. presidential election approaches on November 5, endorsements from the cryptocurrency sector are making headlines, particularly for candidates Donald Trump and Kamala Harris.

In an open letter addressed to Vice President Kamala Harris and former President Donald Trump, Charles Cascarilla, CEO and co-founder of Paxos, emphasized the critical need for the next presidential administration to adopt digital assets and reform outdated financial regulations.