Ethereum

Cryptocurrency

Bitcoin

Strong

Daily

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/positive-trends-in-cryptocurrency-market-following-us-elections/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Positive Trends in Cryptocurrency Market Following US Elections</a><br></p>
<p style="text-align: justify">The <a href="https://en.coin-turk.com/kamala-harris-addresses-cryptocurrency-donations/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency market</a> is experiencing a positive trend due to the US elections. On Wednesday, Bitcoin (BTC) surpassed the $75,000 mark. Other cryptocurrencies joined the upward momentum, with significant daily gains for major coins such as Ethereum (ETH) , Solana (SOL), and XRP, which saw increases ranging from 6% to 16%. Dogecoin (DOGE) also stood out among meme coins, rising above the $0.20 level.</p>
<h2 style="text-align: justify" id="strong-strong-performance-of-bitcoin-and-altcoins-strong"><strong>Strong Performance of Bitcoin and Altcoins</strong></h2>
<p style="text-align: justify">Bitcoin reached $74,366 after a 9% increase in the last 24 hours. Throughout the day, BTC’s lowest price was $68,147.62, while its highest was $75,011.06. With a market capitalization of $1.47 trillion, Bitcoin maintains a dominance of 59.60% in the <a href="https://en.coin-turk.com/kraken-expands-its-presence-in-germany/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a>. Ethereum increased by 7%, trading at $2,579, while Solana rose by 16%, reaching $184.</p>
<p style="text-align: justify">Dogecoin is leading among meme coins, achieving a daily increase of 27% and reaching $0.2074, attracting significant investor interest. <a href="https://en.coin-turk.com/shibarium-sees-drastic-drop-in-transaction-volume-as-shib-price-declines/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Shiba</a> Inu (SHIB) also saw an 11% rise, climbing to $0.00001928. Other meme coins like PEPE, WIF, and BONK contributed to the market’s vibrancy with gains between 15% and 20%.</p>
<h2 style="text-align: justify" id="strong-market-volume-and-daily-movements-strong"><strong>Market Volume and Daily Movements</strong></h2>
<p style="text-align: justify">The total market volume of cryptocurrencies saw an 8% increase, reaching $2.45 trillion in the last 24 hours. The trading volume also rose significantly, increasing by 51.42% to $126.04 billion. BTC and ETH attracted attention with hourly increases ranging from 0.5% to 1%, with investor interest particularly focused on these two coins.</p>
<p style="text-align: justify">The election process in the US has contributed to the rise in cryptocurrency values and strengthened market dynamics. This increase is viewed as a positive indicator for the market. Investors are closely monitoring potential movements in crypto assets following the elections.</p>
<p>The post <a href="https://en.coin-turk.com/positive-trends-in-cryptocurrency-market-following-us-elections/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Positive Trends in Cryptocurrency Market Following US Elections</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Positive Trends in Cryptocurrency Market Following US Elections

Table of Contents

COINTURK NEWS

Other articles published on Nov 6, 2024

South Korea to Pilot CBDC Vouchers for Education and Welfare Services

Hong Kong Stock Exchange to Launch Unified Bitcoin and Ethereum Index

Hong Kong Expands Tax Incentives to Include Virtual Assets, Targeting Institutional Investors

Crypto market rallies on US election results

Is Injective (INJ) Price Set to Explode? Analyst Predicts a Surge to $30+!

Bitcoin Breaking All-Time High Could Trigger $215 Million in Short Liquidations

Join our free newsletter for daily crypto updates!