Trump Victory Sparks Crypto Hype! Analysts See a Bull Run for This Hot New Crypto
With Bitcoin’s price surging past $75,000, altcoins have started to rebound, as Ethereum’s previously faltering price sets a recovery path with a notable 17% uptick over the last month. Adding to the hype is a recent move by an ETH whale who sold some 13,400 ETH, leaving onlookers to speculate a bullish resurgence for ETH. Expert analysts view the move by the whale as a sign of increasing open interest in ETH building up.
Already, Ethereum ETFs have registered a significant increase in investment volume after a pro-crypto Donald Trump won the U.S. election. With excitement over Trump’s victory building up, market watchers anticipate further upside for Ethereum as well as an emerging hot new crypto project in DeFi.
