BTC jumps above $71,000, DOGE leads the market rise

The interest in DOGE futures is is approaching record levelsthanks to increasing confidence that Donald Trump will win next week's presidential election. Traders see DOGE as an election game because Elon Musk is supporting the Republican candidate and therefore there is a possibility that Musk will lead a “Department of Government Efficiency”, or DOGE for short. DOGE-denominated futures are up 33% since Sunday to 8 billion tokens as of the European morning hours on Tuesday. “Elon is turning the idea of ​​a ‘Ministry of Government Efficiency’ into reality and can somehow tie it to DOGE,” influential X account @theunipcs told CoinDesk. A Trump victory next week would bring “an even more parabolic move in Dogecoin,” @theunipcs added.