Der ETN wird an der Euronext Amsterdam und Euronext Paris gehandelt und in 15 Ländern erhältlich sein.
Bitcoin Prognose: Deshalb kann BTC jetzt die $100k knacken
Nach einem Rückgang des Bitcoin-Kurses um knapp 9 % Ende Oktober konnte sich die Kryptowährung dank des Wahlsiegs von Donald Trump erholen und ein neues Allzeithoch von über 75.000 US-Dollar erreichen.
Bitcoin breaks $75k as crypto celebrates Donald Trump election win
- Bitcoin spiked to above $75,400, a new all-time high.
- This came as Donald Trump clinched the US presidency, beating Kamala Harris.
Bitcoin rose to new all-time high above $75,000 as world leaders began to congratulate Donald Trump as the winner and president-elect in the 2024 US election.
As Trump took a decisive lead with key wins in Pennsylvania, Georgia and North Carolina, pushing his Electoral College votes past the 270 mark, Bitcoin price rocketed past $75k to hit a new all-time high above$75,400.
The flagship cryptocurrency has since retraced below $74k, but its sharp surge had over half a billion dollars liquidated. Per Coinglass, 124,734 traders saw their positions liquidated in the past 24 hours, with total liquidations at more than $557 million.
BTC liquidations stood at over $273 million, with more than 70% of that – $211 million – in shorts. Crypto is overall extremely bullish on a Trump presidency and analysts say dips in coming months will offer buy opportunities.
Trump’s pro-crypto stance
As the election cycle slowly comes to an end, key to the crypto industry is that the most “pro-crypto” candidate has won. World leaders, including Israeli Prime Minister Benjamin Netanyahu, India’s Narendra Modi and El Salvador President Nayib Bukele, have all congratulated Trump on his victory.
Dear Donald and Melania Trump,
Congratulations on history’s greatest comeback!
Your historic return to the White House offers a new beginning for America and a powerful recommitment to the great alliance between Israel and America.
This is a huge victory!
In true friendship,… pic.twitter.com/B54NSo2BMA
— Benjamin Netanyahu – בנימין נתניהו (@netanyahu) November 6, 2024
The US president-elect has also given a victory speech.
But while the market celebrates, what remains to be seen is whether he keeps the pledges he made during the campaign. These include two pledges for “day one” in office: fire US Securities and Exchange Commission Chair Gary Gensler and commute the sentence of Ross Ulbright.
Last night, Donald Trump pledged to commute my sentence on day 1, if reelected. Thank you. Thank you. Thank you.
After 11 years in prison, it is hard to express how I feel at this moment. It is thanks to your undying support that I may get a second chance.
— Ross Ulbricht (@RealRossU) May 26, 2024
He also said he’d make the US the world’s BTC mining hub, support a strategic Bitcoin reserve effort and never allow the creation of a central bank digital currency (CBDC).
Despite these pledges, industry experts say a Trump White House will be more supportive of crypto in general. The number of pro-crypto Senate and House Representaives has also increased significantly to suggest the road to regulatory clarity has likely opened up.
The post Bitcoin breaks $75k as crypto celebrates Donald Trump election win appeared first on CoinJournal.
Krypto-Community feiert Trumps Wahlsieg: Bitcoin (BTC) erreicht Allzeithoch
Donald Trump war nicht immer ein Fan von Kryptowährungen, aber die Communnity sieht ihn als Pro-Krypto-Kandidaten.
Traders dump Cardano and IOTA as they move to Vantard
Cardano and IOTA, two of the best-known players in the crypto industry, have underperformed the market over time as they evolved into ghost chains. A ghost chain is a blockchain whose coin is popular, but one that lacks a supportive ecosystem.
Cardano and IOTA are ghost chains
Cardano is a layer-1 blockchain that became popular in 2021 as a good alternative to Ethereum, which was a proof-of-work network at the time. Its popularity was partly because it was promoted as a peer-reviewed chain that would become a disruptive force in the industry.
Years later, Cardano has no major developers working in its blockchain. For example, there are no popular decentralized exchanges (DEXes) and lending protocols. It has a total value locked (TVL) of less than $350 million. In contrast, newer blockchain networks like Base and Sui have attracted over $1 billion in assets.
IOTA, on the other hand, became popular for its insistence that it was not a blockchain network. Instead, it is a distributed ledger technology that uses a technology known as tangle.
IOTA launched Shimmer, its EVM-enabled blockchain network in 2023 with a lot of hype. Many months later, it has also not attracted major developers.
Therefore, many investors have abandoned ADA and IOTA as their prices have continued to underperform the market. Cardano price has crashed by 60% from its highest level this year, while IOTA has plunged by 75%.
Traders flock to Vantard
At the same time, traders are flocking to Vantard, an upcoming meme coin fund token that is in its presale stage.
Data on its website shows that the developers have now raised $808,240 tokens in less than three weeks. This trend makes it one of the best performing token sales this year.
The idea of a meme coin index fund is inspired by Vanguard’s success. For over three decades, Vanguard has become a financial juggernaut with over $8 trillion in assets. Most of these funds are made up of mutual funds and exchange-traded funds that track either stocks or bonds.
Vantard hopes to create a fund made up of the top-performing meme coins in the industry. It is based on the view that meme coins do better than other traditional cryptocurrencies, especially during bull markets.
Some of the most notable performers were cryptocurrencies like Popcat, MICHI, Fwog, Gigachad, and Moo Deng.
Vantard’s performance will also be influenced by the ongoing interest rate cuts by the Federal Reserve. Analysts expect the Fed to slash interest rates by 0.25% on Wednesday this week. It will also hint that it will deliver more cuts in the coming meetingss.
Bitcoin and meme coins like Vantard thrive when the Fed is cutting rates. You can learn more about Vantard and buy the VTARD token here.
The post Traders dump Cardano and IOTA as they move to Vantard appeared first on CoinJournal.