Gate Research Daily Report (November 6): BTC's price rose by 8.9% to $74,284, while ETH's price increased by 7% to $2,590. Donald Trump's election as the 47th U.S. president is widely perceived as positive news for cryptocurrencies, prompting a strong market rally. DOGE saw a daily increase of approximately 24.63%, with growing attention on Trump and Elon Musk’s ongoing engagement boosting community interest and driving up its price. The ETH to BTC market cap ratio has dropped to 24.52%, its lowest since April 2021. Gate, Binance, OKX, and Coinbase are among the exchanges listed in Asia Fintech Innovators.
Market Analysis: BTC prices have surged by 8.9%, currently standing at $74,284. ETH also saw a 7% increase, reaching $2,590.
Top Performers: The best-performing tokens in the past 24 hours are DOGE, PNUT, and CETUS, with respective daily gains of approximately 24.63%, 143.33%, and 72.53%.
Data Highlights: Bitcoin mining difficulty has surpassed 100T for the first time, setting a record high of 101.65T.
Spotlight Analysis: Donald Trump's election as the 47th President is perceived as bullish for cryptocurrency, triggering a significant market rally.
Market Opportunities: The PAWS project aims to provide users with a rewards-driven experience. By joining the community, players can increase their token balance and level through continuous interaction.
Explore today's details 👉🏻 Gate Research: Bitcoin Reaches Record High, Trump Wins U.S. Election, Crypto Market Surges Across the Board
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Gate Team
Nov 6th, 2024
