Bitcoin's price took a wild ride this past week, briefly dipping below $69,000 amid market jitters ahead of the U.S. presidential election. On Nov. 3, the crypto market saw nearly $350 million in liquidations, the highest since Oct. 25, with $259.7 million in long bets and $90.08 million in short bets wiped out, according to CoinGlass.

Bitcoin's value fluctuated significantly, starting at $67,700 on Oct. 28, peaking at $73,300 on Oct. 29, and then dropping to a low of $67,719 before recovering to $69,145, per CoinGecko.

The market's volatility coincides with tightening odds between presidential candidates Donald Trump and Kamala Harris on Polymarket. Trump's odds peaked at 67% on Oct. 30 but have since corrected to 56%. The crypto community views Trump as more favorable due to his pro-crypto stance, while Harris supports a regulatory framework.

Analysts speculate that a Trump victory could push Bitcoin to $100,000, whereas a Harris win might lead to a significant drop. As election day approaches, the market remains on edge, with traders bracing for potential major moves in Bitcoin's price.