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$235.50 -2.10456
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Bitcoin
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$97,084.00 0.0957
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Ethereum
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$3,691.03 -0.4221
Ethereum price
BNB
BNB (BNB)
$654.98 -0.14814
BNB price
Solana
Solana (SOL)
$235.50 -2.10456
Solana price
XRP
XRP (XRP)
$2.13 12.3329
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000031 15.10195
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000022 7.12334
Pepe price
Bonk
Bonk (BONK)
$0.0000457 0.41102
Bonk price
dogwifhat
dogwifhat (WIF)
$3.31 2.47675
dogwifhat price
Popcat
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$1.32 -2.56904
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Bitcoin
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$97,084.00 0.0957
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Ethereum
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$3,691.03 -0.4221
Ethereum price
BNB
BNB (BNB)
$654.98 -0.14814
BNB price
Solana
Solana (SOL)
$235.50 -2.10456
Solana price
XRP
XRP (XRP)
$2.13 12.3329
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000031 15.10195
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000022 7.12334
Pepe price
Bonk
Bonk (BONK)
$0.0000457 0.41102
Bonk price
dogwifhat
dogwifhat (WIF)
$3.31 2.47675
dogwifhat price
Popcat
Popcat (POPCAT)
$1.32 -2.56904
Popcat price
Bitcoin
Bitcoin (BTC)
$97,084.00 0.0957
Bitcoin price
Ethereum
Ethereum (ETH)
$3,691.03 -0.4221
Ethereum price
BNB
BNB (BNB)
$654.98 -0.14814
BNB price
Solana
Solana (SOL)
$235.50 -2.10456
Solana price
XRP
XRP (XRP)
$2.13 12.3329
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000031 15.10195
Shiba Inu price
Pepe
Pepe (PEPE)
$0.000022 7.12334
Pepe price
Bonk
Bonk (BONK)
$0.0000457 0.41102
Bonk price
dogwifhat
dogwifhat (WIF)
$3.31 2.47675
dogwifhat price
Popcat
Popcat (POPCAT)
$1.32 -2.56904
Popcat price

DeFi bolts higher as America elects Trump

defi-bolts-highe-as-america-elects-trump
Edited by
News
DeFi bolts higher as America elects Trump

Bitcoin and DeFi altcoin prices surged after it became apparent Donald Trump had secured multiple paths to the White House.

Decentralized finance token prices jumped over 14% in 24 hours as crypto industry leaders celebrated Trump’s victory as the 47th U.S. president. The top 100 DeFi coins by market cap rose above $78 billion, according to CoinGecko, with frontrunners like Chainlink (LINK), Uniswap (UNI), CoW Protocol (COW), Aave (AAVE), LidoDAO (LDO), and Maker (MKR) recorded double-digit increases.

CoW Protocol’s 84% increase was the largest daily gain, while UNI and Aave both grew nearly 30% as crypto investors took a victory lap following Trump’s win.

The DeFi surge mirrored a broader boom in crypto prices, fueled by the victory of a perceived pro-Bitcoin and pro-blockchain candidate. Bitcoin (BTC) raced past $75,000, a new all-time high for crypto’s largest token. Ethereum (ETH) edged toward $3,000 with a 6.8% leap, while Solana’s (SOL) 13% took the coin closer to $200.

Industry expectations for crypto-friendly regulation and clear digital asset rules under Trump’s administration likely spurred the relief for DeFi tokens. Firing Securities and Exchange Commission chair Gary Gensler was one of Trump’s calling cards as he appealed to the blockchain voting block during his campaign trail. 

Over 40 million Americans have invested in cryptocurrencies. Yet, local interest in blockchain assets has done little to abate multi-agency crackdowns.  For example, SEC chair Gensler has launched many enforcement actions against digital asset operators, alleging non-compliance.

As DeFi and crypto markets rallied on the prospect of eased regulatory scrutiny, experts pointed to additional factors that could fuel a prolonged bull market.

TYMIO founder Georgii Verbitskii foresees more market activity following Trump’s victory but anticipates volatility until further action from the Federal Reserve. Sharing insights with crypto.news on Oct. 6, Verbitskii noted that market fluctuations could continue until institutional investors and crypto ETF participants gain more certainty.

Also worth noting is that another important event is the Federal Reserve’s interest rate decision scheduled for this week. No major player will take a new position until the election and the Fed’s interest rates are known, and this means that market fluctuation may continue to sustain.

Georgii Verbitskii, TYMIO founder