Donald Trump's second presidential win has sent ripples of excitement across the cryptocurrency market. Bitcoin and Ethereum have shown significant growth, sparking optimism among investors.
Bitcoin's Surge After Trump’s Victory
Bitcoin surged by 10%, reaching a new high of $76,203. This is attributed to increased buying activity amid optimism regarding cryptocurrencies, fueled by Trump's pro-crypto stance. Investors are hopeful for more crypto-friendly regulation, particularly with potential changes in SEC leadership.
Ethereum and Future Predictions
Ethereum also witnessed significant growth, reaching $2,878, driven by substantial inflows in its Spot ETF. This is accompanied by discussions of Ethereum's potential price rally, supported by DeFi activity and renewed investor optimism.
Analyst Benjamin Cowen’s Shifted Perspective
Analyst Benjamin Cowen has shifted his perspective on Ethereum, noting its recent strength and potential to maintain key support levels against Bitcoin.
Donald Trump's victory and his crypto-friendly policies have created significant optimism in the market. Both Bitcoin and Ethereum offer investors hopes for further growth and stability.
