Bitcoin

Ethereum

The price of Bitcoin rose to <a href="https://cryptotale.org/bitcoin-reaches-new-heights-with-trumps-rising-election-odds/" rel="noopener noreferrer nofollow">an all-time high</a> on Wednesday, surpassing the $75,000 mark. After Donald Trump claims <a href="https://www.bbc.com/news/articles/c62l5zdv7zko" rel="noopener noreferrer nofollow">victory</a> in the 2024 U.S. presidential election, voters may see the Republican Party win a majority in Congress and the Senate. This has created a possibility that under Trump, policies that are friendly to the growth of cryptocurrencies could be adopted in the near future to increase investors’ interest.Ethereum Still Below PeakDespite Bitcoin’s surge, Ethereum (ETH) is still 47.2% below its previous all-time high; this means some leading assets are still correcting. Earlier in the day, Ethereum experienced a notable market shift when a single entity sold 14,240 ETH, worth around $37 million. In an X post on Wednesday, analytical blockchain platform Lookonchan revealed that this investor suffered a massive loss of $12.8 million in the sale. The whale purchased 14,233 ETH from Binance at a price averaging $3,502 between late May and September, using about $49.8 millionHowever, the price of Ethereum surged by 7.2% to $2,576, following the trend of Bitcoin’s all-time high. The bullish move in Bitcoin also influenced many other coins in the market similarly. Solana rose by 13.5%, and Dogecoin and <a href="https://cryptotale.org/trump-memecoins-rally-over-100-as-us-election-approaches/" rel="noopener noreferrer nofollow">Shiba Inu</a> rose by 21.6% and 10%, respectively. Another major rise was in Cardano, which gained 6.6%, Avalanche, 12.3%, and Chainlink, 11.4%.<a href="https://cryptotale.org/crypto-market-reacts-to-u-s-election-with-major-gains/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Crypto Market Reacts to U.S. Election with Major Gains

CryptoTale

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