It’s Tuesday, October 29th and this is Markets Daily hosted by me Jen Sani. On this show, we navigate the current, shaping the crypto markets, providing insights against the broader financial landscape. So whether you’re actively trading or simply fascinated by the volatility, that is the crypto markets. This show is your compass to understanding what’s happened where we are and where we are going. Good morning morning, everyone happy Tuesday, Bitcoin is super happy this morning. It has rallied past the $71,000 mark in the past 24 hours. Bitcoin, the largest Cryptocurrency by market cap surged over $71,000 leading to about 100 and $75 million in short position, liquidations across major exchanges. The coin broke through the critical $70,000 resistance level with $48 billion in trading volume, nearly double the volume recorded on Monday. Other major coins also surged Doge shot up 15% as it gained momentum alongside rising popularity polls for Donald Trump. While Shiba Inu rose 8% either saw 4.9% increase. Cardano Solana and the Binance coin each game. More than 3% commenting on the rally Darius sit co-founder of QC P capital told Coindesk that we see some shorts against the $70,000 level getting liquidated as the market seems to be pricing in increasing certainty of a Trump victory. Meanwhile, data from a crypto quant community analyst reveals that Wales influential traders with large bags are net buyers of Bitcoin particularly during Asian trading hours. But the timing of this rally is also no coincidence with the US election just days away. Many traders expect Bitcoin to hit new all time highs regardless of who wins. Now, this is a little bit of a departure from what some analysts have said on this show before analysts were calling Bitcoin a Trump trade due to his pro crypto stance. But now even with Vice President Kamala Harris, who is not taking a clear stance on crypto market sentiment remains bullish across the board. Traders seem to believe that Bitcoin’s resilience can withstand varying political outcomes. Hey, everyone did. You know 52 million Americans own cryptocurrencies. That’s not just the number, it’s a movement, economic, social and political, decentralized, finance, Blockchain and digital currencies are more than buzzwords. They are the future. This November, it’s on us to show up and step up. We need to protect crypto to sure it continues to fuel innovation and freedom for our families and businesses. Don’t let this opportunity slip by the future of crypto is on the line. Make your voice heard this November and pledge to vote. Now at stand with crypto.org backslash pledge. This rally speaks to something deeper than the election for me, for me, it’s a testament to the confidence of both Wales and retail investors that Bitcoin is maturing into a truly resilient asset, ready to break into new territory regardless of political outcomes. Now, Bitcoin’s borderless decentralized nature means that it’s designed to transcend national events and government shifts while election chatter may still impact sentiment. The long term trajectory of Bitcoin is increasingly shaped by its independence from any single political landscape. Now, as the election approaches this rally may be the clearest sign yet that Bitcoin is a global asset drawing confidence from those who see its potential beyond borders and beyond politics. That’s it for today’s show. Thank you so much for watching Market staley and coming on this journey with me. If you like listening to the show, subscribe to the Coin Desk Podcast Network that is on all podcast platforms. Subscribe to our youtube channel. If you like to watch the show, give us a thumbs up, leave us some feedback. We will read it. We will try to implement it for now. Goodbye and we will see you tomorrow.