Web3 social platform Beoble completes $3 million in financing

U.S. spot bitcoin ETFs reported $541 million in net outflows on Monday, following one of their largest streaks of net inflows last week.The price of bitcoin has been fluctuating around the $68,000 level over the past day as the market awaits the result of the U.S. presidential election.

Analysts at Animoca Brands Research claim that Polymarket users will likely stick with the platform after its biggest draw — the U.S. presidential election — has concluded.

Observing key crypto metrics on major platforms provides insight into what “smart money” is doing amid the U.S. election, according to Kaiko.Analysts predict big crypto price swings in either direction, depending on the outcome, as the presidential race draws to a close.

Traders expect a 3.5% swing in bitcoin prices on U.S. election night — though analysts warn that markets may be underestimating potential post-election volatility if results face delays or disputes.Analysts added that Bitcoin dominance has surged above 60% ahead of today’s elections as capital flows increasingly favor the foremost cryptocurrency over altcoins like Ethereum and Solana.