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Bankless
ROLLUP: Post Election All Time Highs | Beam Chain Announcement | Devcon Recap | FBI Raids Polymarket CEO
Nov 15, 2024
Bitcoin rockets to an all-time high, raising eyebrows about Ethereum's path. The hosts dive into the aftermath of elections influencing crypto markets and the shocking FBI raid on Polymarket's CEO. Highlights from DevCon week shine a light on innovative proposals and the Beam Chain announcement. The growing popularity of meme coins and the surprising adoption of ZK rollups by Deutsche Bank signal shifting tides in finance. With retail investors flocking to platforms like Coinbase, the landscape of cryptocurrency is evolving rapidly.
01:03:54
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Quick takeaways
- Bitcoin's surge to an all-time high highlights significant shifts in the cryptocurrency landscape driven by ETF approvals and political developments.
- Ethereum has experienced renewed interest with $295 million in net inflows post-election, suggesting a positive shift in market sentiment.
Deep dives
All-Time High Cryptocurrency Markets
This week marked another significant milestone in cryptocurrency markets, with Bitcoin achieving an all-time high of $92,450. The surge in prices has been attributed to a confluence of factors, including the flurry of exchange-traded fund (ETF) approvals and external market catalysts, potentially linked to recent political developments. Notably, the Bitcoin market cap has crossed $1.7 trillion, allowing it to surpass silver as one of the top assets globally. This movement showcases the growing volatility and interest in Bitcoin, as it moved up by an astonishing $8,343 in a single day, further fueling investor excitement.
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