Crypto Market Surges After Trump's Win: Bitcoin and Ethereum Rally

user avatar

by Giorgi Kostiuk

2 years ago

Cryptocurrencies are experiencing significant growth amid recent political events in the US. Bitcoin and Ethereum are in the spotlight, showing a steady rise.

Bitcoin and Ethereum Records

Following Donald Trump's election victory, Bitcoin (BTC) soared to a record high of $99,655. However, Bitcoin's market dominance declined from 61.53% to 58.22%. Meanwhile, Ethereum (ETH) surged over 5% to surpass $3,636, boosting the prices within its ecosystem. Ethereum Name Service (ENS) skyrocketed by over 44% today, while Ethereum Classic (ETC) climbed 13.73% to $33.25.

Impact on Ethereum Classic

Ethereum Classic is in a significant accumulation zone and shows a steady increase. Historical data analysis indicates that ETC often consolidates in these zones before notable rallies. In 2017 and 2021, similar periods preceded jumps of 532% and 732%, respectively.

Potential for Future Rallies

ETC's current price of $33 is nearing the critical resistance level of $40. Breaking through could ignite further rallies, potentially reaching $300, which marks a 260% increase from current prices. However, investors should be aware of risks associated with market volatility and external factors.

The cryptocurrency market is experiencing a wave of optimism in the wake of political changes. Despite potential risks, the current position of Ethereum Classic and other altcoins presents substantial investment opportunities.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Broadcom Set to Gain from Alphabet's Custom TPU Sales

Broadcom is set to benefit from Alphabet's decision to sell custom TPUs to external data centers, enhancing its AI semiconductor revenue through a long-term agreement until 2031.

user avatarBayarjavkhlan Ganbaatar

Alphabet Enters Hardware Market with Custom TPUs for Data Centers

Alphabet announces the sale of its custom-made Tensor Processing Units (TPUs) to external data centers, marking a significant move into hardware sales.

user avatarTenzin Dorje

CoinsBee and TRON DAO Launch Discount Campaign for USDT Payments

CoinsBee, in collaboration with TRON DAO, is launching a campaign that offers eligible users a 2% discount on purchases made with USDT on TRON.

user avatarMohamed Farouk

USDT on TRON Surpasses Bitcoin as Most Used Payment Method on CoinsBee

USDT TRC20 on the TRON network has become the most used on-chain token and payment option on CoinsBee, surpassing Bitcoin and Ethereum in payment activity.

user avatarElias Mukuru

Panel Discussion on Trading Insights at Zoomex After Party

A flagship panel titled 'Where's the Edge' will feature industry KOLs discussing trading strategies and market dynamics.

user avatarKenji Takahashi

Ollie Bearman to Host Interactive QA at Zoomex Event

Ollie Bearman will host an interactive QA session at the ZOOMEX TRADERS AFTER PARTY on October 7, 2026, providing a unique opportunity for traders and motorsport fans to engage directly.

user avatarDiego Alvarez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.