Crypto

Bitcoin Holds Below $75K Before Expected U.S. Rate Cut

Ether has experienced a significant increase of over 7% in the last 24 hours, outperforming the broader digital asset market. The CoinDesk 20 Index shows a rise of 2.7% during the same period.

Breaking through the $2,800 mark for the first time since early August, ETH has moved out of the $2,300-$2,600 range that it had been stuck in while other cryptocurrencies were experiencing rallies. The recent surge in Ether’s price may be attributed to President-elect Trump’s victory, which has sparked hopes of a “DeFi Renaissance”.

Arthur Cheong, co-founder at DeFiance Capital, expressed optimism about the future of decentralized finance (DeFi) with the incoming Trump administration. He believes that the deregulation and crypto-friendly policies expected from a Republican administration and Senate could lead to a significant uptick in the price of ether.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry.What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content.As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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