Risk assets are on the rise as Americans head to the polls to elect their next president as well as to determine which political party will control the two houses of Congress.
Bitcoin (BTC) crossed back above $70,000 early in the U.S. trading day, up 2.4% over the past 24 hours. The broader CoinDesk 20 Index was higher by 1.6% over the same time frame, with ether (ETH) notably continuing to underperform bitcoin. At 0.03526, the ETH/BTC ratio fell to its weakest level since April 2021.
Crypto-linked stocks were on the move as well. Semler Scientific – which reported its third quarter results Monday night – was higher by 26% as that company disclosed additional bitcoin purchases and reiterated its commitment to a Bitcoin treasury strategy similar to that of Michael Saylor's MicroStrategy (MSTR). For its part, MSTR was higher by 7.5% in early trading.
