• Ethereum’s market cap increased to $383 B, reflecting rising demand for decentralized finance.
• Ethereum’s cost growth reached 0.42% as its supply increased despite previous deflationary trends.
• Ethereum ETFs saw $217.9 million in corporate investments, boosting Ethereum’s cost.

Ethereum  reached $3,200 on November 10, its highest price since August. This jump happened as BTC  crossed $79,000 following Donald Trump’s victory in the U.S. presidential primaries. According to CoinMarketCap, Ethereum’s estimated cap is now around $383 billion, which is a 5% increase in just 24 hours. 

Growing Momentum Toward Distributed Capital

Ethereum’s increase in value signals a larger change in business investments. Financiers are increasingly interested in blockchain technology and decentralized finance over rigid payday loan systems. The U.S. Securities and Exchange Commission  is also reviewing proposals for the first Ethereum exchange-traded stock , which could further drive growth. As interest in DeFi grows, the switch from traditional finance to blockchain-based solutions is becoming more evident. 

More people are seeing the opportunity for DeFi to challenge obsolete banking systems, which could change how insurance sectors operate.

Rising Ethereum Supply and Market Dynamics

While Ethereum’s sale fee has risen, its supply is also increasing. Over the last week, the token’s inflation indicator reached 0.42%, a shift from the deflationary trend seen earlier in October. Data from Ultrasound.money shows that the annual conversion fee for Ethereum is 452,000 ETH, but the issuance rate is much higher at 957,000 ETH. This difference results in a yearly increase in supply, which could affect the bill in the future. Despite this, Ethereum remains in a bullish phase with strong demand and growing public enthusiasm.

Increased Institutional Interest in Ethereum ETFs

The launch of ETH spot ETFs has attracted notable interest from hedge fund contributors. Ethereum ETFs have seen large additions, with financial entities accumulating $217.9 million in the token over the past three days. These developments follow Trump’s congressional win and the Federal Reserve’s recent dividend cut, which has helped push its value above $3,000. As more institutional investors buy ETH, expectations are rising that the expense could continue to increase, possibly reaching $4,000 in the near future.

The post Ethereum Surges to $3,200 as Bitcoin Reaches New Heights After Trump’s Election Victory appeared first on Crypto News Land.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed