Bitcoin earlier reached a high of $75,242, setting a new historical high again, with an increase of 8.8% in the past 24 hours. (Background: The US non-farm employment saw a more than one-year high, US bond yields surged, and the Fed may pause interest rate hikes in November?) (Supplementary background: With the US elections approaching, is the weak yen the best safe-haven asset?) Bitcoin peaked around 11:05 today at $75,242, setting a new historical high again, with an increase of 8.8% in the past 24 hours. Before this article was completed, it slightly retreated back to the $74,000 level, so investors should be cautious of volatility. The reason for this strong surge is speculated to be related to investors believing that the current election results are favorable for Trump's re-election. However, due to time zone differences and varying regulations in different states, the voting end times differ, with the latest ending at 14:00 Taiwan time on November 6, so there may still be significant changes in the results. Current electoral vote count for Trump: 178 votes Kamala Harris electoral vote count: 99 votes In the past 24 hours, the total liquidation amount across the network was $442 million. In the volatile market for Bitcoin, according to Coinglass data, over the past 24 hours, the total liquidation amount in cryptocurrency exceeded $440 million (with shorts accounting for $340 million), affecting over 92,000 people. Related reports As the US presidential election approaches, what 'speculative targets' can be laid in wait? With the US election storm approaching, is the weak yen the best safe-haven asset? Elon Musk's market effect reappears as 'Dogecoin surges 17%', over 40 million people in the US have voted early. "Bitcoin breaks through $75,200 to create a new historical high! Single-day increase exceeds 8.8%, wiping out shorts" This article was first published on BlockTempo (BlockTempo - the most influential blockchain news media).

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