The total market capitalization rose 3.38% in a day, and Bitcoin climbed back above $80,000.
With the U.S. midterm elections over, risk appetite improved and investor confidence began to recover, lifting the crypto market overall. Bitcoin rose 2.8% in 24 hours to $80,620; Ethereum gained 4.2% to $2,426; $XRP and $ADA rose 3.5% and 3.9%, respectively, following the broader market higher.
This rally was driven mainly by reduced political uncertainty and renewed inflows, rather than a change in any particular coin’s fundamentals. Now that the election results are in, how long will this recovery in risk appetite last?
With the U.S. midterm elections over, risk appetite improved and investor confidence began to recover, lifting the crypto market overall. Bitcoin rose 2.8% in 24 hours to $80,620; Ethereum gained 4.2% to $2,426; $XRP and $ADA rose 3.5% and 3.9%, respectively, following the broader market higher.
This rally was driven mainly by reduced political uncertainty and renewed inflows, rather than a change in any particular coin’s fundamentals. Now that the election results are in, how long will this recovery in risk appetite last?