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Trump’s Victory Sparks Optimism for U.S. Crypto Industry

Donald Trump’s election victory signals a likely boost for the U.S. crypto industry. He has pledged to support digital assets by loosening regulations, building a national Bitcoin reserve, and opposing U.S. Central Bank Digital Currency (CBDC) . With Republican control of Congress, Trump’s pro-crypto stance may face fewer legislative hurdles, which has stirred optimism among crypto advocates.

What this win also means

Top Gainers and Biggest Losers

In the past two weeks, DRIFT led gains with a 180% surge, followed by DOGE at 98% and CRO at 85%, showing strong market interest. However, NOS dropped 8.3%, making it the period’s biggest loser.

Drift DRIFT

$1.63 ▴ 276.00%

Get DRIFT

Dogecoin DOGE

$0.29 ▴ 86.96%

Get DOGE

Cronos CRO

$0.15 ▴ 103.03%

Get CRO

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What Is Pushing the Market?

DOGE Goes Up
Dogecoin (DOGE) shot up 30% to $0.21 on Election Day, thanks to Elon Musk’s tweets and surprise appearance with Donald Trump. Now sitting as the 7th biggest crypto, DOGE’s market cap hit $30 billion just on November 6.

Get to my 💼

ETH & DeFi Price Surge
The second-largest cryptocurrency by capitalization rose in price by 10% on Wednesday . The asset price has broken through the $2,800 level, climbing to the values of early August. The capitalization of DeFi segment coins has increased by 6.7%; the RWA sector has shown comparable growth.

Check on Ethereum

ETFs Boomed!
Bitcoin ETFs saw record trading on November 6, with over $6 billion in volume , led by BlackRock’s $4 billion share. The funds hold $76.48 billion in Bitcoin, or 5.08% of all coins. Ethereum ETFs drew $52 million recently . Bitcoin hit a record $81,800.

More news to explore

Whether to buy or sell crypto depends on your goals and risk tolerance. Buy if you’re in it for the long haul; sell if you want to lock in gains or avoid short-term risks. Dollar-cost averaging can help balance things out.

Decide for yourself

Donald Trump’s presidential victory is seen as a boost to the digital asset sector. Gemini co-founder Cameron Winklevoss, who, along with his brother Tyler, donated $2 million in bitcoin to Trump’s campaign, celebrated the win. Trump is viewed as supportive of digital assets, strengthening industry optimism. Ryan Selkis, former CEO of Messari, also welcomed the outcome, having been critical of the SEC and concerned about the industry’s future under Biden .

Take a look into the future

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