Crypto Market Sees Mixed Signals Amid Political Influences and Market Dynamics

Bitcoin briefly hit $90,000 before succumbing to sell pressure, while Ethereum and Dogecoin also experienced volatility amid a cooling election rally. Dogecoin surged following Elon Musk's appointment to a new government department. The market pullback wiped out $550 million in long positions, with the Cryptocurrency Fear and Greed Index rising to 84. Analysts view the correction as typical after recent gains, with continued growth expected due to investor enthusiasm and economic policies.