Cryptocurrency Weekly Recap: Record BTC at $75,240 Amid Trump's Election Win

Reported about 1 month ago

In this week's cryptocurrency update, Bitcoin hit a record price of $75,240 fueled by institutional investments, notably from BlackRock, coinciding with Donald Trump's election win. Ethereum experienced volatility with significant whale activity affecting its price, while Cardano saw a 10% rise following network upgrades. Additionally, Shiba Inu gained attention with substantial movements in its token, as the push for Grayscale's crypto index ETF suggests an interest from traditional financial players. Overall, cryptocurrencies are increasingly viewed as a hedge against economic instability.

Source: YAHOO

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