【Opinion: The U.S. Election Enters Countdown, Altcoins Become the Most Risky Trades in the Cryptocurrency World】Golden Finance reports that after underperforming Bitcoin for most of this year, smaller cryptocurrencies like Dogecoin (Doge) and Solana may face the greatest risks after the U.S. presidential election concludes. Bitcoin surged 4.6% on Tuesday to $70,165, about 5% lower than its record high of around $73,800 set in March. This largest cryptocurrency by market cap has risen over 65% this year. On Tuesday, Dogecoin climbed as much as 17%, partly because Elon Musk, a long-time supporter of Dogecoin, stated that if Donald Trump wins the election, he will establish a Department of Government Efficiency (D.O.G.E.). "For Bitcoin, the U.S. election is not very important," said Zaheer Ebtikar, founder of cryptocurrency fund Split Capital. "For altcoins, if Kamala Harris wins, they may not rebound as much. They are the biggest winners or losers of this election."

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