Crypto’s Super Sunday – Bitcoin $82k, Ethereum $3200, Dogecoin 30% up, Cardano 30% up after Trump wins Nevada and Arizona

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Last Updated on 11 November 2024 by CryptoTips.eu

In worldwide soccer as well as the American version (NFL), there are Sundays on which all the major teams play against each other. That’s called a ‘Super Sunday’, one where there is almost too much action. This was the case for crypto yesterday.

Enthusiastic crypto investors decided not to wait until the stock markets opened on Monday and sent the prices of almost all major crypto coins higher on Sunday, November 10, just before Veteran’s Day in the United States and Armistice in Europe.

Bitcoin reached a record price of $80,000 when it became clear that Donald Trump had also won Nevada and Arizona, the last of the so-called ‘swing states’. This more than likely means that his Republican Party will gain control of the House of Representatives after already capturing the Senate. This makes the introduction of crypto-friendly legislation a lot easier.

During the night from Sunday on Monday, a price of $81k was reached and $82k this morning.

Bitcoin-related shares as well as ETF funds will probably get a nice boost on the American stock exchanges today.

According to Dutch analyst Tuur Demeester, this is just the beginning and all you have to do now is Hodl.

I must admit that I did not expect that we would also see gains during the weekend, but apparently this is another bull run. At one point on Sunday you saw gains of 30% for Dogecoin and 40% for Cardano. Unheard of and not seen since 2021 actually.

Advertentie.

Trump

After a week in which the stock markets celebrated and all the stocks and assets from the so-called ‘Trump trade’ went higher, Bitcoin continued to soar this weekend and set a new record. As predicted last week, a price of $80k would be reached quickly if Trump won, and so it happened.

Bitcoin has gained 17% ever since Donald Trump won. This is highly promising.

Other major crypto coins also showed very big gains this week. Cardano gained more than 60% in a week, Dogecoin rose by 80% in a week (30% of which was established on Sunday).

Ethereum, meanwhile, is trading smoothly above $3,000.

Watch out for profit taking during bull runs, but Tuur is probably right at the moment. Just Hodling is a good strategy.

I personally believe a price of $100,000 is possible for Bitcoin by the end of the year. This is not investment advice.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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