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    Cardano surges 33.7% in four days post-Trump election win and Federal Reserve rate cut, as crypto market grows to $2.57 trillion

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    HI Can Cardano reach it's all-time-hight, and what is behind the recent price jump, Ripple, clear sky, upwards, rise, growth, crypto, altcoin, takeoff, flight, start

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    Cardano (ADA) price has surged by 33.7% over the past four days following Donald Trump’s 2024 US presidential win, and a 0.25% interest cut by the Federal Reserve on November 7. Other cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Bnb Chain’s BNB, Solana (SOL), XRP, and Dogecoin (DOGE) also saw significant gains. The total crypto market has expanded by 2% in 24 hours and 14% over the last four days, to a total market value of $2.57 trillion.

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    Cardano (ADA) has seen a strong increase in price over the last four days, racking up a sweet 33.7% increase. This came after the recent U.S. presidential win of Donald Trump in 2024. ADA’s price has not only risen 17% in the last 24 hours, but it’s also leaped by 28% over the week.

    Crypto prices aren’t soaring just for Cardano, mate. Bitcoin (BTC) – yeah, the big daddy of them all – has gone up by 9.6% last week, even breaking its record high by reaching $76,943 on Nov. 7. The smart-contract champ, Ethereum (ETH), has also notched up more than 3% in the last 24 hours.

    And let’s not forget about the other heavyweights in the crypto league. BNB Chain’s BNB, Solana (SOL), XRP, and Dogecoin (DOGE) all have seen significant increases over the last few days.

    Across the whole crypto market, there is a surge of 2% over the last 24 hours and 14% for the last four days. The total dough in the market right now is sitting pretty at $2.57 trillion.

    Trump’s win is seen as a good bit of news for the crypto market because it’s believed he’ll make a positive buzz for the crypto business environment. This has hyped up the investors, leading to increased market values. On top of that, the Federal Reserve’s decision to drop interest cuts by 0.25% on Nov. 7 has added some wind to the crypto market’s sales.

    Nov. 8 saw ADA’s price action go bullish. This was thanks to an increase in the 8-hour open interest-weighted funding rate. On the same day, ADA’s price made a robust 17% gain. This led to short traders who weren’t expecting this punch from ADA.

    From a technical standpoint, ADA made a sweet comeback starting Nov. 5. The current rally seems to have pushed ADA beyond a resistance level that’s been a thorn in its foot for a while now. If things keep going this way, it looks like the next target for ADA bulls will be a 19% raise from the current price, hitting the range high of $0.52 on April 22.

    Buttons up, guys, this isn’t investment advice. Always do your research before you make a trading move because investing always includes some level of risk.

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