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Headline : Its not just Bitcoin: 3 altcoins also rising on Trumps election win

Read more from the original article on here at qz.com.





Tags : #just #bitcoin #3 #altcoins #also #rising #trumps #election #win


No. of Paragraph 12

Donald Trump clinched victory in the 2024 U.S. presidential election, clearing the way for his return to the Oval Office. Meanwhile, Bitcoin briefly crossed $76,000 on Wednesday, setting a new all-time high. Additionally, the spot Bitcoin ETFs (exchange-traded funds) experienced significant inflows of $622 million following Trump’s reelection.

The crypto community is buzzing, with celebrations sweeping across forums and social media, hailing Trump’s win as a potential boon for the top cryptocurrency’s future. And Bitcoin is not the only cryptocurrency that is rising — others are also up following Trump’s victory.

Ether, the second-largest cryptocurrency by market capitalization, has been rallying alongside Bitcoin. On Election Day, Ether was trading around $2,400, but it has since surged to $2,800 — a more than 16% bump in just two days.

In addition, spot Ether ETFs (exchange-traded funds) have experienced renewed inflows following Trump’s victory, reversing a period of sustained outflows. According to data from crypto ETF tracker Farside, investors poured $52 million into spot Ether ETFs on November 6.

Read more from the original article on here at qz.com.


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