Perianne Boling, founder and CEO of The Digital Chamber, weighs in on Donald Trump's plan to further integrate cryptocurrencies into the US economy.
cryptocurrency prices Stocks rose on Tuesday as the broader market rose as investors looked forward to the outcome of the U.S. election.
Prices of major virtual currencies rise election day before the results were announced later in the day. Exchange-traded funds (ETFs) based on crypto assets also rose in trading on Tuesday.
Bitcoin rose more than 2.3% to $69,402 as of Tuesday afternoon, after surpassing the $70,000 threshold early in the session.
Major Bitcoin ETFs rose further by Tuesday afternoon. The iShares Bitcoin Trust ETF, ARK 21Shares Bitcoin ETF, and Franklin Bitcoin ETF each rose more than 3.2%, while the Fidelity Wise Origin Bitcoin Fund rose nearly 3.1%.
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The prices of Bitcoin, other major cryptocurrency assets, and related ETFs rose on Election Day. (Photographer: Timothy Fadek/Bloomberg via Getty Images / Getty Images)
Ethereum's price rose more than 1.3% on Tuesday and was trading around $2,430 by mid-afternoon, after briefly reaching $2,476 a few hours earlier. The ProShares Ether ETF rose more than 0.5%.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| ARKB | ARKB – ARK 21SHARES Bitcoin ETF – USD ACC | 69.34 | +2.20 |
+3.28% |
| ibit | ISHARES Bitcoin Trust – USD ACC | 39.51 | +1.26 |
+3.29% |
| FBTC | Fidelity Wise Origin Bitcoin Fund – USD ACC | 60.66 | +1.89 |
+3.22% |
| EZBC | Franklin Bitcoin ETF – USD DIS | 40.24 | +1.25 |
+3.21% |
| Ys | ProShares Ether Strategy ETF – USD DIS | 48.59 | +0.11 |
+0.23% |
Ripple was up just over 1.5% in mid-afternoon trading after paring some of its gains earlier in the day.
Dogecoin also gave back some of its gains, rising more than 6.4% in afternoon trading.
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Former President Trump said he wants to make the United States the “cryptocurrency powerhouse of the world.” (James Devaney/GC Images/Getty Images)
Former President Donald Trump and Vice President Kamala Harris, leading presidential candidates, have both vowed to boost the cryptocurrency industry if they win the White House.
President Trump said at a Bitcoin conference in July that he wants to make the United States the “crypto capital of the planet.”Bitcoin superpower If he wins the election, the world.
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Vice President Harris said she wants to encourage the digital asset industry and AI. (Charlie Triborough/AFP via Getty Images/Getty Images)
He said he will replace Chairman Gary Gensler. Securities and Exchange Commission (SEC)carried out a regulatory crackdown on the digital asset industry to root out bad actors. President Trump has established a Virtual Currency Advisory Council and said his administration will take a more favorable regulatory approach to digital assets.
In a speech to Wall Street donors in September, Harris said her administration would “encourage innovative technologies like AI and digital assets while protecting consumers and investors,” according to one report. said. Bloomberg reporting. “We will create a secure business environment with consistent and transparent rules around the world.”
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The vice president has not said whether he would fire Gensler as SEC chairman if elected.
