Ethereum

Victory

Bitcoin

On November 6, Donald Trump’s victory in the U.S. presidential election sent waves through the crypto market. Trading volumes spiked as Ethereum whales reentered the market, with ETH climbing to $2,816. 
<h2 id="last-24-hours-market-surge-in-crypto">Last 24 Hours: Market Surge in Crypto</h2> 
The crypto market saw significant momentum in the last 24 hours. Global market capitalization rose by 9%, reaching $2.43 trillion, while trading volume soared to $180 billion. Bitcoin reached $74,899, briefly hitting a new peak at $76,460.15, further boosting the market’s upward movement. 
<h2 id="ethereum-whales-make-a-comeback">Ethereum Whales Make a Comeback</h2> 
Ethereum’s price increase of 11% has attracted attention as a long-dormant whale returned to the market. After an eight-year hiatus, this whale sold 11,005 ETH at $2,777, earning $30.56 million. Another whale followed with a substantial $65.63 million ETH transfer to Kraken, creating a cautious tone among some investors. 
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-7456" src="https://deythere.com/wp-content/uploads/2024/11/the-recent-surge-in-the-cryptocurrency-market-focusing-on-Ethereum-ETH-and-large-investor-activity.-Display-the-Ethereum-s.webp" alt="" width="1792" height="1024" srcset="https://deythere.com/wp-content/uploads/2024/11/the-recent-surge-in-the-cryptocurrency-market-focusing-on-Ethereum-ETH-and-large-investor-activity.-Display-the-Ethereum-s.webp 1792w, https://deythere.com/wp-content/uploads/2024/11/the-recent-surge-in-the-cryptocurrency-market-focusing-on-Ethereum-ETH-and-large-investor-activity.-Display-the-Ethereum-s-300x171.webp 300w, https://deythere.com/wp-content/uploads/2024/11/the-recent-surge-in-the-cryptocurrency-market-focusing-on-Ethereum-ETH-and-large-investor-activity.-Display-the-Ethereum-s-1024x585.webp 1024w, https://deythere.com/wp-content/uploads/2024/11/the-recent-surge-in-the-cryptocurrency-market-focusing-on-Ethereum-ETH-and-large-investor-activity.-Display-the-Ethereum-s-768x439.webp 768w, https://deythere.com/wp-content/uploads/2024/11/the-recent-surge-in-the-cryptocurrency-market-focusing-on-Ethereum-ETH-and-large-investor-activity.-Display-the-Ethereum-s-1536x878.webp 1536w" sizes="(max-width: 1792px) 100vw, 1792px"> 
<h2 id="ethereum-s-outlook-and-analysts-perspectives">Ethereum’s Outlook and Analysts’ Perspectives</h2> 
Despite these sales, ETH continues its upward trajectory. Now trading around $2,800, Ethereum’s market cap has reached $336 billion, with trading volume at $38 billion. Crypto analyst Ali believes ETH could achieve new highs, describing Ethereum as an attractive long-term investment with a favorable risk-reward balance. 
The recent introduction of Ethereum ETFs has bolstered positive sentiment for ETH, with analysts pointing to a promising future for Ethereum’s value. 
Investors aiming to understand ETH’s future performance are advised to keep an eye on market dynamics and major whale activities. Ethereum’s volatility offers both opportunities and risks, making it essential for investors to stay prepared for market fluctuations. 
For further insights into crypto market trends and Ethereum’s potential, stay tuned to Dey There for expert analysis and updates. 
Ethereum, crypto market, whale, trading volume, Ethereum ETFs

Trump’s Victory Sparks Crypto Market Surge! Whale Influence on Ethereum

Table of Contents

DT News

Other articles published on Nov 7, 2024

Along With Bitcoin, These Cryptos Which are Poised to Mark New Highs This Month—Do You Own Some?

🗒 Daily Newsletter | Thursday, November 07, 2024

Donald Trump Victory Is Paving the Way for Altcoin ETFs

Bitcoin open interest tops chart after hitting $75K ‘sweet spot’

Donald Trump Victory Sets Record Highs for Bitcoin and BlackRock! BlackRock's Bitcoin ETF Reaches...

Post-Election Strategy, Why ‘Selling the Truth’ Could Drive BTC and Gold

Join our free newsletter for daily crypto updates!