Cryptocurrency News
Following Donald Trump’s re-election last month, promising a more favorable crypto regulatory environment, the crypto market is experiencing a surge in prices.
Bitcoin (BTC) led the way, reaching new highs last month. Altcoins are now gaining momentum as well, with Dogecoin benefiting from Elon Musk’s involvement and plans for a Department of Government Efficiency, pushing the meme coin to a three-year high.
Solana (SOL) also saw a surge, hitting a new all-time high in November. Ethereum (ETH) finally made significant gains, reaching an eight-month high above $3,730 over the weekend.
Notably, XRP has experienced a dramatic increase, climbing over 400% in the last 30 days due to optimism about regulatory clarity and the potential introduction of financial products like spot exchange-traded funds. Tron (TRX) has also seen a surprising surge, reaching a new all-time high.
Hedera (HBAR), IOTA, and Algorand (ALGO) have all seen significant gains this week, along with other major cryptocurrencies like Litecoin, Tezos, and Chainlink. Metaverse gaming tokens, such as The Sandbox (SAND) and Decentraland (MANA), are also on the rise.
Bitcoin is approaching the $100,000 milestone, hovering around $96,000 after several near misses. The current market excitement has drawn comparisons to previous crypto surges, indicating a resurgence of interest in the metaverse.
Edited by Sebastian Sinclair
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