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Following Donald Trump's victory in the 2024 U.S. presidential election, the cryptocurrency market has seen increased optimism and renewed interest, especially among retail and institutional investors. Bitcoin reached a new high near $80,000, with analysts forecasting further growth that could push it toward $100,000 before Trump's inauguration. The expectation of pro-crypto policies under Trump, including potential SEC reforms, is encouraging market confidence. Additionally, stablecoin inflows are up, and Ether is projected for further gains, with an anticipated breakout to $3,500.
#Trump47thPresident
#Trump47thPresident
As of mid-July 2024, Ethereum (ETH) is trading at approximately $3,468 USD. The cryptocurrency has experienced a 1.37% increase in trading volume over the past 24 hours and a significant 13.18% increase over the past week, indicating heightened market activity and interest .
Ethereum's market cap currently stands at around $417.13 billion, with a circulating supply of 120.22 million ETH. It remains the second-largest cryptocurrency by market capitalization, primarily due to its pioneering role in enabling decentralized applications (DApps) and smart contracts.
#eth
Ethereum's recent price movements can be partly attributed to ongoing upgrades and developments within its ecosystem. Notable updates include the Shanghai upgrade, which allows users to unstake their previously locked ETH from the Beacon Chain, and the ongoing efforts to improve scalability through layer-2 solutions and sharding .
$ETH
Ethereum's market cap currently stands at around $417.13 billion, with a circulating supply of 120.22 million ETH. It remains the second-largest cryptocurrency by market capitalization, primarily due to its pioneering role in enabling decentralized applications (DApps) and smart contracts.
#eth
Ethereum's recent price movements can be partly attributed to ongoing upgrades and developments within its ecosystem. Notable updates include the Shanghai upgrade, which allows users to unstake their previously locked ETH from the Beacon Chain, and the ongoing efforts to improve scalability through layer-2 solutions and sharding .
$ETH
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