Last Week in Crypto: Highlights in the World of Cryptocurrencies
As we kick off another exciting week on Monday, November 4th, 2024, at 9:00:05 AM EST (3:00:05 PM CET), we delve into the latest price action of the top ten cryptocurrencies, as per Coin Market Cap. Join us as we analyze these figures and anticipate how the market will unfold throughout the week. Subsequently, we will compare these prices with the closing figures of Friday, November 8th, 2024, at 6:00:02 PM EST (12:00:02 PM CET), to gain insights into the week’s market trends and fluctuations.
| CRYPTO | INITIAL | % CHANGE | FINAL |
|---|---|---|---|
| BTC | $69,015.48 | 11.83% | $77,178.59 |
| ETH | $2,482.87 | 19.02% | $2,955.04 |
| BNB | $561.05 | 6.66% | $598.43 |
| SOL | $164.19 | 21.85% | $200.06 |
| XRP | $0.51 | 8.00% | $0.55 |
| TON | $4.87 | 0.69% | $4.90 |
| DOGE | $0.16 | 24.57% | $0.20 |
| ADA | $0.33 | 33.24% | $0.44 |
| AVAX | $23.65 | 20.21% | $28.43 |
Ethereum White Paper Turns 11: A Decade of Innovation
Ethereum’s white paper, first shared by Vitalik Buterin in November 2013, turns 11 this month. The document introduced Ethereum as a decentralized platform for smart contracts and decentralized apps, drawing inspiration from Bitcoin. As Ethereum enters its next decade, institutional adoption is set to grow, but addressing security concerns in crypto remains a key focus.
Crypto Community Celebrates Trump’s Victory
The crypto community is celebrating Donald Trump’s win in the 2024 U.S. presidential election. Although he was not always a crypto advocate, Trump campaigned as a pro-crypto candidate. With 277 electoral votes, he surpassed the 270 needed to win, while Kamala Harris secured 224. The crypto market reacted positively, fueled by his promise of a “golden age” for America.
Republican Senate Majority Paves Way for Pro-Crypto Policies
The Republican Party has secured a majority in the U.S. Senate, promising a shift toward more crypto-friendly regulations. With key wins in Ohio and West Virginia, over 240 pro-crypto candidates are now positioned to push for clearer rules, signaling a positive outlook for the industry.
Cardano Jumps 17% Amid Market Rally
Cardano (ADA) surged 17% in the last 24 hours, hitting a four-month high of $0.4236. This rise reflects renewed market optimism, fueled by Donald Trump’s election victory. ADA has gained over 23% in the past week, showing a strong recovery after a prolonged downtrend.
Solana Surpasses $200 After 9% Surge
Solana (SOL) has broken through the $200 mark for the first time in seven months, rising 8.69% in 24 hours to $203.88. The token has gained 22.25% over the past week and is up 370% year-over-year. While still 23% below its all-time high of $260, Solana is benefiting from a broader crypto market rally, driven by Trump’s election win. With a market cap of $95.8 billion, it ranks fourth in the market.
Sources
https://cointelegraph.com/news/ethereum-white-paper-turns-11-blockchain-foundational-layer
https://cointelegraph.com/news/trump-declares-victory-crypto-community
https://cointelegraph.com/news/republicans-majority-control-us-senate-pro-crypto-congress
https://en.coin-turk.com/cardano-sees-significant-price-surge-and-increased-market-activity/
https://crypto.news/solana-breaks-through-the-200-barrier-after-rising-nearly-9/
