November marked a historic surge in the crypto market, with total market capitalization rising by an unprecedented 45%, reaching $3.3 trillion, according to JPMorgan. “President-elect Donald Trump’s reelection triggered a historic rally and jump in market caps across the crypto ecosystem,” said the bank’s analysts, led by Kenneth Worthington. They explained that the rally bolstered sentiment across the crypto ecosystem, including tokens, decentralized finance (defi), and stablecoins. Trading volumes more than doubled, although NFTs lagged in activity. U.S. spot crypto exchange-traded products (ETPs) set a new record, with combined net sales hitting $7.6 billion. Bitcoin ETPs gained prominence, amassing $105 billion in assets and contributing to Bitcoin’s increased market dominance, despite a recent dip due to ETP-driven diversification. Mining economics improved as Bitcoin’s price surged faster than its hashrate, underscoring robust network security. JPMorgan highlighted this as the market’s strongest month in performance, activity, and sentiment, affirming crypto’s growing role in financial markets.
XRP Types A Bullish Sample In 4-Hour Chart – Analyst Expects $4.20 After Breakout
XRP is presently at a essential juncture, buying and selling at a key degree after breaking its all-time excessive simply eight days in the past. Regardless of the market’s inherent volatility, value motion stays strong, fueling optimism amongst traders and analysts. Because the broader crypto market enters a bullish part,...
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