Bitcoin Hits New ATH, Solana Price Rises to $200!
2024-11-08
Bittime - A few days ago, Bitcoin hit a new ATH. Meanwhile, the price of Solana (SOL) also experienced a significant increase, breaking the $200 level.
This positive sentiment towards the crypto market is thought to be due to investors' optimism regarding the approval of ETFs and Donald Trump's victory in the 2024 US elections. Read this article to find out more!
Bitcoin Price Hits New ATH
Bitcoin, the largest crypto asset by market capitalization, managed to reach a new ATH of $76,872, which coincides with the 2024 US elections. Donald Trump's victory has sparked enthusiasm in the crypto market.
Even though the price of Bitcoin experienced a slight decline after reaching its peak, the asset still shows a steady upward trend. Over the last 7 days, Bitcoin has recorded an increase of around 9%, with the current price hovering around $76,250.
Read Also: Bitcoin Price Hits New ATH, Breaks $75,000!
Solana Price Rises to $200
Meanwhile, the price of Solana (SOL) rose to a price of $200 per token. This price increase is the first time SOL has penetrated this level in the last 7 months. Solana recorded an increase of around 7% in just 24 hours.
Not only that, over the past week, Solana rose by 18%, making it one of the best-performing assets among the top 20 cryptocurrencies by market capitalization.
Impact of Trump's Victory in the 2024 US Election
This increase in Solana prices was largely driven by expectations of approval of a spot Solana ETF under the new Trump administration.
Under the previous Biden administration, Solana had been classified as an “unregistered security” by the SEC and thus faced regulatory hurdles.
With Trump having promised to support the crypto industry, investors are becoming more confident that a Solana ETF will have an easier time getting approval in the US.
If spot ETF approval for Solana does occur under the Trump administration, the growth potential of the SOL token could be even greater.
For crypto investors, this is the right time to continue monitoring market developments and existing opportunities.
Read Also: Bitcoin Price November 2014-2024, Reach New ATH in 2024!
How to Buy Crypto di Bittime
Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.
Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!
Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
