Crypto Market Today (Nov 6th, 2024): U.S Election Result to Push Bitcoin to New ATH?

Share This Post

Crypto Market Today (Nov 6th, 2024): U.S Election Result Pushes Bitcoin to ATH!

The post Crypto Market Today (Nov 6th, 2024): U.S Election Result to Push Bitcoin to New ATH? appeared first on Coinpedia Fintech News

Donald Trump’s recent win in the U.S. election has got the crypto market buzzing with greener candles on the charts. As a result, the market sentiments have turned to “Greed” from “Neutral” in just a few hours. The market cap of the industry has recorded a notable rise of 7.41% in 24 hours to $2.46 Trillion. Meanwhile, the intraday trading volumes have surged to $192.7 billion, up an astonishing 128.03%. Amidst heightened optimism, investors are now keen on the Federal Reserve’s rate cut scheduled for next week.

Bitcoin Rallies as Sentiment Shifts to Greed

Bitcoin price has seen an impressive upswing, which has landed its price at $74,335.25 after claiming a new ATH. Following the healthy move, the trading volume has seen a substantial boost rising by 145.75%. Analysts are now contemplating the possibility of BTC’s price closing in November with a price tag of $80k.

For more on Bitcoin’s potential path forward, check out our latest Bitcoin Price Prediction.

Ethereum, Solana, and XRP Rise Alongside BTC

The largest altcoin, Ethereum has followed the suit of Bitcoin in terms of price trend. Successively, its price has shot up 7.98% to $2,632.54. In the meantime, Solana has outperformed major rivals, soaring 14.31% to $185.40, driven by the community’s interest in high-performance blockchains. XRP too was not left behind, as it rose 4.83% to $0.535. 

For a deep dive into Ethereum’s outlook, our Ethereum Price Prediction provides insights into ETH’s potential movements.

Top Gainers Today: GOAT, NEIRO, and Uniswap Lead the Charge

Among the top 100 coins, GOAT has emerged as the top gainer, jumping by 47.50% to $0.719. NEIRO and Uniswap also saw impressive gains, climbing 32.58% and 31.88%, respectively, as investors flock to assets with strong potential in the current market.

Stay tuned for more crypto news as the market dynamics continue to evolve amidst this new political landscape and expectations for policy shifts in the U.S.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

South Korea Rejects Bitcoin Reserve Plans for Now

The post South Korea Rejects Bitcoin Reserve Plans for Now appeared first on Coinpedia Fintech News If you’ve been following Bitcoin’s rise, South Korea’s latest move might surprise you While

Buy Signal for 3 Coins This Week: XRP, DOGE, and RXS

The post Buy Signal for 3 Coins This Week: XRP, DOGE, and RXS appeared first on Coinpedia Fintech News The cryptocurrency market continues to climb, creating buying opportunities for investors Three

Crypto News: New ERC20 Trends Globally, Soars To New All-Time Highs Surpassing $1 Million Raised

The post Crypto News: New ERC20 Trends Globally, Soars To New All-Time Highs Surpassing $1 Million Raised appeared first on Coinpedia Fintech News Cutoshi is the new meme coin that has been going

Bitcoin Price Recovers to $98,374 After Weekend Dip Below $96,000, Is $100K Within Reach?

The post Bitcoin Price Recovers to $98,374 After Weekend Dip Below $96,000, Is $100K Within Reach appeared first on Coinpedia Fintech News Bitcoin made a shocking comeback after a sharp fall below

From Memes to Momentum: Pond Art’s $PEPE-Powered Layer 2 Ecosystem Takes Off

The post From Memes to Momentum: Pond Art’s $PEPE-Powered Layer 2 Ecosystem Takes Off appeared first on Coinpedia Fintech News Pond Art, the unofficial Layer 2 of $PEPE, burning tokens with every

Notcoin (NOT) Rally Targets New ATH With $0.010 Breakout

The post Notcoin (NOT) Rally Targets New ATH With $0010 Breakout appeared first on Coinpedia Fintech News Ranking as the 100th biggest cryptocurrency, Notcoin has a market cap of $905 million Over