Bitcoin, the leading cryptocurrency by market value, jumped nearly 10% to record highs above $76,000 Wednesday, as the pro-crypto Republican candidate Donald Trump won the U.S. presidential election. Meanwhile, gold fell 3% to $2,658. As such, the BTC/gold (BTC/XAU) ratio surged 12% Wednesday, registering BTC’s biggest single-day outperformance relative to gold since Feb. 28, 2022, according to charting platform TradingView. Source link
Investing.com – Cardano was trading at $0.4892 by 18:43 (23:43 GMT) on the Investing.com Index on Saturday, up 10.16% on the day. It was the largest one-day percentage gain since November 9. The move upwards pushed Cardano’s market cap up to $16.9450B, or 0.64% of the total cryptocurrency market cap. At its highest, Cardano’s market cap was $94.8001B. Cardano had traded in a range of $0.4275 to $0.4893 in the
CryptoQuant CEO Ki Young Ju tips Bitcoin to finish the year at $58,974 but another analyst disagrees, saying a major pullback is unlikely. Source link
CoinShares noted that Trump has been a critic of the Securities and Exchange Commission (SEC) and Gary Gensler, its chairman, particularly in regard to the agency’s approach to crypto. His administration is expected to appoint new SEC leaders, which could lead to a period of more crypto-friendly regulation. Source link
To provide some historical context, ETF trade volume reached a $9.9 billion peak during the March bull run, according to data from checkonchain. Total trade volume on Nov. 6 reached approximately $76 billion, comprising futures volume of $62 billion, spot volume of $8 billion and ETF trade volume of $6 billion, so ETF trade volume is still a small percentage of the total. Source link
Investing.com – Cardano was trading at $0.5862 by 18:45 (23:45 GMT) on the Investing.com Index on Sunday, up 18.31% on the day. It was the largest one-day percentage gain since November 10. The move upwards pushed Cardano’s market cap up to $20.6110B, or 0.75% of the total cryptocurrency market cap. At its highest, Cardano’s market cap was $94.8001B. Cardano had traded in a range of $0.4888 to $0.6591 in the
Smart contract platform Cardano (ADA) could soon witness retail fear of missing out (FOMO), according to crypto analytics platform Santiment. In a new thread on the social media platform X, Santiment says that ADA’s surprising 25% jump last week will prompt retail investors to jump into the crypto asset. “Cardano has been one of the notable surprise altcoins taking flight during this crypto-wide pump. Now up over +25% in the
Bitcoin rallied 6.15% on Nov. 10 to reach another new all-time high of $81,358. Source link
Although Trump didn’t provide a specific reason as to why he thinks Ulbricht should be freed, many view Ulbricht’s double-life sentence without parole as excessive for a non-violent offense related to creating Silk Road, which demonstrated Bitcoin’s potential as a decentralized, censorship-resistant system. Source link
The SEC sued Kraken in November 2023 for operating a platform as an unregistered securities exchange, broker, dealer and clearing agency. The SEC said it believes that since at least September 2018, Kraken had made hundreds of millions of dollars unlawfully by facilitating the buying and selling of crypto asset securities. Kraken filed for the case to be dismissed, a motion that was rejected in August. Source link
