As we have stated at Kriptokoin.com , it was expected that the US presidential elections would create volatility in the markets. This happened and had a significant impact on the cryptocurrency market. It also created an upward wave in both Bitcoin and leading altcoins. Especially the increasing probability of Republican candidate Donald Trump winning created a positive expectation in the crypto community. The BTC price saw $ 74,000. Many altcoins, including Dogecoin, made significant gains due to the election effect. Here are the differences.
Current Situation in the Price of the Leading Crypto Bitcoin
Bitcoin (BTC) price has reached $74,366, up nearly 9% in the last 24 hours. The low and high levels during the day were recorded at $68,147.62 and $75,011.06 respectively. BTC’s market cap has increased to $1.47 trillion, while its market dominance has increased to 59.60%. Interestingly, this rise came despite an outflow of nearly $72.67 million from spot Bitcoin ETFs.
This strong move in Bitcoin has attracted the attention of market participants. It has also highlighted the impact of the US election process on crypto. Investors are curious about the leading cryptocurrency’s appeal as a safe haven. However, they are curious about how the post-election scenarios will shape up.
Latest Situation in Ethereum Price
Ethereum (ETH) is currently trading at $2,579, up nearly 7% in the last 24 hours. The low and high levels for the day were $2,402.50 and $2,631.72. The crypto currency’s market cap is around $310.25 billion. Spot Ethereum ETFs, on the other hand, have not shown any significant movement in terms of net inflows.
This increase in the ETH price shows that demand for Ethereum, the second-largest crypto in the market, continues. Analysts note that if Ethereum gains strong momentum at technical levels, a new bullish wave may be on the way.
Solana and XRP Price Movements
Solana (SOL) is trading at $184, up 16% in the last 24 hours. The lowest and highest levels during the day were $159.38 and $185, respectively. Its market value has increased to $87.09 billion. This increase indicates that the crypto maintains its strong position in the market.
XRP is also up 6% and is currently trading at $0.5312. The lows and highs for the day were set at $0.5048 and $0.5359. The $814 million transfers by crypto whales have sparked remarkable speculation among investors.
Meme Coin Performances and Winning Crypto currencies of the Day
Dogecoin (DOGE) rose by 27% in the meme coin sector, reaching $0.2074. At the same time, Shiba Inu (SHIB) rose by 11%. Other meme coins such as PEPE, WIF, and BONK also gained between 15% and 20%. This rise of meme coins continues to attract the attention of investors.
In addition, the price of Goatseus Maximus (GOAT) increased by almost 50% to $0.7005. Other altcoins such as Sui (SUI) increased by 21% and dogwifhat (WIF) by 20%.
Crypto currencies Showing Decline
TRON (TRX) is trading at $0.1621, down 0.21% over the last 24 hours. Monero (XMR) is down 0.2% to $159. These small declines are more subdued than the overall uptrend in the market.
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