The post Ethereum Finds a Way to Outperform Bitcoin: Nov. 8 appeared on BitcoinEthereumNews.com.

The global crypto market cap is up 1.88%, hovering around $2.48 trillion with an FGI of 62 points for greed sentiments. Making the headline is the fact that Ethereum tokens have outperformed Bitcoin tokens in the last 24 hours. BTC is still within the range but ETH has inched closer to the psychological mark of $3k. Values are increasing now that pro-crypto Republican, Donald Trump has won the US Presidential election in 2024. Chances are that he will stand true to his words of helping the market go mainstream for broader adoption. Crypto enthusiasts are also looking forward to having more clarity when it comes to regulations around digital tokens. ETH Edges Over BTC Bitcoin have soared by 0.24% to $74,682 in the last 24 hours. BTC has sustained the previous day’s gains without shedding a lot of value on the chart. If anything, it has marked an uptick from approximately $73,000 to move closer to $75k. This paves the way for a milestone of $80k which is speculated to happen by the end of November 2024. Courtesy: Coinmarketcap Spot Bitcoin ETFs have recorded a heavy net inflow of $621.9 million on November 06, 2024, to officially break the 3-day streak of net outflows. The historical cumulative net inflow now stands at $24.19 billion. Ethereum tokens are exchanging hands at $2,849.09, up by 10.61% in a single day. It was last seen to have an upward trajectory of lower gains – keeping it around $2,400. This could be happening because investors have explored their options with BTC and are now looking to divert allocations to the second flagship cryptocurrency. Spot Ether ETFs recorded a net inflow of $52.3 million on November 06, 2024. The historical cumulative net outflow now stands at $489.8 million. Meme Coins Undergo Correction Top meme coins…

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Filed under: News - @ November 7, 2024 6:24 am