Ether Surges 10% in 24 Hours on Optimism Around DeFi Following Trump's Win
In the past 24 hours, Ether has seen a 10% increase, reaching over $2,800, while other cryptocurrencies have experienced profit-taking. This surge is due to optimism around DeFi following Trump's presidential win, where expectations of pro-crypto policies and deregulation are boosting investor confidence. Trump's potential policies may ease regulatory burdens, allowing DeFi projects more freedom and possibly recognizing tokens as commodities, which could enhance the sector's growth and innovation. Despite a breakout in bitcoin, Ether has been rangebound between $2,300 and $2,600 levels, but has now crossed $2,800 for the first time since early August.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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