Am 10. November stieg der Bitcoin um 6,15 % und erreichte mit über 82.000 US-Dollar ein neues Allzeithoch.
Bitcoin breaks $82,000 boosted by Trump’s re-election win
- Bitcoin’s upward trajectory follows Donald Trump’s presidential win last week
- Over the past 30 days, Bitcoin has increased in value by more than 30%
- Institutional interest is rising with Bitcoin ETFs, noted by BlackRock’s IBIT ETF reaching $1.12 billion in daily inflows
Bitcoin has hit another record, reaching over $82,000 on Monday, boosted by Donald Trump’s re-election to the White House last week.
According to data from CoinMarketCap, Bitcoin’s value has risen more than 19% in the past seven days and 30% over the past 30 days. Taking to X, Anthony Pompliano, host of the Pomp podcast, said:
“The first pro-Bitcoin President was elected in US history and Bitcoin hit $80,000 within a week. The market is preparing itself.”
The first pro-bitcoin President was elected in US history and bitcoin hit $80,000 within a week.
The market is preparing itself.
— Anthony Pompliano 🌪 (@APompliano) November 10, 2024
While Trump’s win has helped push crypto prices up, many don’t think it’s the sole reason. In response, Sleep Money Maker said: “Think bigger than one week or one event. We’re watching decades of regulatory friction starting to dissolve. When barriers fall, capital flows – that’s just market physics in action.”
Speaking to CoinJournal last week, James Toledano, COO at Unity, a self-custody crypto wallet, said it was “disingenuous” to say the US election directly caused the price increase.
In the long-term, it won’t be the election that moves the crypto market, but “broader macroeconomic events, technological advancements, shifting market sentiment, and factors outside of the next President’s control,” Toldeano explained.
Institutional appetite for Bitcoin is rising
Institutional interest in Bitcoin has also reached new levels, noted by BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) bringing in a record $1.12 billion in daily inflows. This followed BlackRock setting a new record in October when its total assets reached $30 billion in 293 days.
Speaking of the recent price rally, Toledano, said:
“There is clearly heightened confidence in Bitcoin as a key investment vehicle and institutional investors are not only recognizing Bitcoin’s resilience as an asset class but are increasingly allocating capital in response to favorable macroeconomic conditions, including recent rate cuts and political shifts.”
Other coins that are rallying include Ethereum, trading over $3,100, Solana, at $216, and Dogecoin, up nearly 158% in the past month at $0.2877.
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Ethereum erreicht 3.200 US-Dollar: Höhere Marktkapitalisierung als Bank of America
Die Marktkapitalisierung von Ethereum übersteigt nun die der Bank of America, während die SEC Optionen für ETH-ETFs prüft und DeFi immer weiter an Zugkraft gewinnt.
Elon Musk repostet Aufruf zur Abschaffung der Federal Reserve Bank
Der US-Dollar hat seit der Gründung der Federal Reserve Bank im Jahr 1913 etwa 96 % seines Wertes verloren.
Crypto price predictions: Vantard, Cardano, Hamster Kombat
Cryptocurrency prices jumped sharply as Bitcoin moved close to the important resistance point at $80,000. Other cryptocurrencies like Cardano (ADA), Hamster Kombat (HMSTR), and Catizen (CATI) have all surged by double digits. The market cap of all coins has jumped to over $2.7 trillion. This article looks at top coins like Vantard (VTARD), Cardano, and Hamster Kombat.
Hamster Kombat price forecast
The Hamster Kombat token price has surged hard in the past few days, ending the recent bear market. This rebound happened after the coin formed a falling wedge chart pattern, a popular bullish signs in the market.
The Hamster Kombat token has moved above the 25-period and 50-period Exponential Moving Averages (EMA). Also, the Relative Strength Index (RSI) and the Stochastic Oscillator have all pointed upwards.
Therefore, the token will continue rising as bulls target the key resistance level at $0.01, which is about 77% above the current level. A drop below the key support level at $0.0040 will point to more downside to the key support at $0.002.
Cardano price prediction
The daily chart shows that the ADA price has surged hard in the past few days. It has risen in the past six consecutive days, reaching its highest level since April 9 of this year. It has crossed the important resistance point at the 50% Fibonacci Retracement level.
Cardano has formed a golden cross pattern as the 200-day and 50-day moving averages have formed a golden cross pattern. Also, the MACD, Relative Strength Index (RSI), and the Stochastic Oscillators have all moved to their overbought levels.
Therefore, the Cardano price will likely continue rising as bulls target the key resistance point at $1.
Vantard token sale continues
Vantard, an upcoming Vanguard-themed coin, has become one of the best-performing token sales of the year. In less than three weeks, the token is on track to raise over $1 million from investors.
Vantard’s token sale has attracted thousands of investors who believe that it could be the next big thing in the crypto industry. For one, it is a coin that aims to replicate the success made by most meme coins, which have continued to outperform the likes of Bitcoin and Ethereum.
There are a few important catalysts that could do better when it launches its airdrop in the next few months.
First, most meme coins are expected to keep soaring during this meme coin rally. Second, Donald Trump is expected to implement friendly policies that will support the cryptocurrency industry.
Third, Vantard will do well because of the Federal Reserve, which is expected to continue cutting interest rates in 2025. It has already slashed rates two times – by 0.75% -, a move that will make it better for investors to allocate cash to meme coins. You can buy Vantard token here.
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