It's U.S. Election Day. Expect volatility ahead. This is CoinDest Daily. I'm your host Christine Lee.

Bitcoin rallying towards $70,000 Tuesday morning in New York, rising over 2% after a dip below

$68,000 earlier. While the U.S. election is expected to be a bullish catalyst

for the crypto markets, no matter who wins, BTC has downside threats, such as activity on Mount

Gawks. The defunct crypto exchange transferred over 32,000 BTC worth over $2 billion to unmarked wallet addresses, often a sign of an impending

transfer to exchanges, thereby applying selling pressure to BTC. Elsewhere, U.S. listed spot Bitcoin

ETFs recorded over 540 million in net outflows on Monday, the highest since May per so-so value data. Dashing hopes

for increased institutional interest in BTC after a week that saw consecutive days of net inflows

above 800 million. The broader digital asset market as measured by the Coinus 20 index is up 1%.

Republican candidate Donald Trump's winning odds on crypto betting market slightly improved

on election day.

Trump has a 62% chance of winning the election compared to Democratic opponent Kamala Harris

at 38% according to polling market.

Separately, Bloomberg reporting that polly Market is paying U.S. social

media influencers to create election content, despite a ban on U.S. traders from using the platform.

Could it possibly be working? Wall Street Journal reporting a French trader placed a $30 million

bet on Trump via Polly Market to make money based on polling data and personal views

of the election. In a sign of shenanigans ahead, Doge is on a tear, gaining 14% in the last 24

hours. The meme coin has risen over 40% in the past month, thanks to the renewed endorsement

by tech mogul Elon Musk as part of the Republican campaign.

Musk has been proposing a Department of Government Efficiency, which is abbreviated as Doge,

a clear nod to the token, as an agency that will make government spending and monetary planning

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