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Bitcoin (BTC), Ethereum (ETH), and BNB (Binance Coin) all saw notable gains following the announcement of Donald Trump’s victory in the 2024 U.S. presidential election. At 9:35 AM ET on Wednesday, November 6, 2024, Bitcoin surged 6.61%, Ethereum climbed 6.63%, and BNB gained 2.96%, as investors reacted to the political shift and its potential impact on the economy and financial markets.
- Bitcoin (BTC) soared to $74,303.20, gaining $4,605.72 (+6.61%) with a market cap of $1.470 trillion and 24-hour trading volume of $107.438 billion. Bitcoin’s dominance remains high at 94.53% as it continues to be the leading cryptocurrency by market capitalization.
- Ethereum (ETH) also saw a strong performance, rising by $163.53 (+6.63%) to $2,631.54, with a market cap of $316.888 billion. Ethereum’s 24-hour trading volume was $37.630 billion, marking a strong period for the second-largest cryptocurrency by market cap.
- BNB surged by $16.74 (+2.96%), trading at $582.42, with a market cap of $83.927 billion. The rise in BNB comes as investor sentiment in the cryptocurrency market remains buoyed by expectations of favorable policy developments under Trump’s second term.
The broader cryptocurrency market’s positive movement reflects growing optimism as the political and regulatory landscape shifts with Trump’s return to the White House, suggesting potential opportunities in the tech and crypto sectors.
Market Overview:
- Bitcoin (BTC): $74,303.20 (+6.61%)
- Ethereum (ETH): $2,631.54 (+6.63%)
- BNB (Binance Coin): $582.42 (+2.96%)
- Market Cap:
- Bitcoin: $1.470 trillion
- Ethereum: $316.888 billion
- BNB: $83.927 billion
- 24-Hour Trading Volume:
- Bitcoin: $107.438 billion
- Ethereum: $37.630 billion
- BNB: $2.252 billion
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile and subject to rapid price changes. Readers should conduct their own research or consult with a financial advisor before making any investment decisions.