• DOGE's increase is largely attributed to a renewed endorsement from Elon Musk linked to his proposal for a "Department of Government Efficiency" (D.O.G.E.).
• U.S.-listed spot bitcoin ETFs experienced net outflows, with significant withdrawals from major funds like Fidelity's FBTC and Ark Invest's ARKB, except for BlackRock’s IBIT which saw inflows.
• The crypto market's reaction appears influenced by the narrowing lead of Donald Trump in election polls, traditionally seen as more favorable towards cryptocurrencies, some traders said.

Dogecoin (DOGE) was the only major token in green ahead of the widely-watched U.S. elections, with some expecting a marketwide surge in the coming weeks regardless of whichever candidate wins.