Ether Surges 10% in 24 Hours Amid Optimism for DeFi Under Trump Presidency
Ether's value has risen by 10% in the last 24 hours, reaching over $2,800, while other cryptocurrencies have seen a decrease in value. This increase is due to optimism surrounding DeFi after Trump's election win, with investors expecting pro-crypto policies and deregulation. Trump's policies could potentially reduce regulatory burdens, allowing DeFi projects more freedom and potentially recognizing tokens as commodities, which could lead to growth and innovation in the sector. The performance of Ether and Bitcoin has also been compared, with the ratio between the two sliding to April 2021 levels on Tuesday.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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