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  • 🚨 Impact Alert: US Election Crypto Donations Exceed $190M! How Will This Affect the Market? 🇺🇸

🚨 Impact Alert: US Election Crypto Donations Exceed $190M! How Will This Affect the Market? 🇺🇸

News

Metaplanet, known as Asia's MicroStrategy, has raised 10 billion yen through a stock sale, gearing up for its next Bitcoin acquisition.

Metapplanet, popular as Asia’s MicroStrategy raised fresh capital of 10 billion yen earlier today through a stock sale in the 11th series of Stock Acquisitions Right. The company will be following in MicroStrategy’s footsteps to use the raised capital to buy more Bitcoins. On the other hand, BTC price once again facing rejection at $69,000 while dropping 2% earlier today.

BlackRock's iShares Bitcoin ETF (IBIT) reached a significant milestone, surpassing $23 billion in total inflows since its launch.

The spot Bitcoin ETF inflows have accelerated since the past week and refuse to stop anytime soon. On Monday, BlackRock’s iShares BTC ETF (IBIT) created a milestone taking its total inflows to more than $23 billion since inception. This puts IBIT among the top three ETFs by inflows, launched in 2024.

Crypto donations for the 2024 US elections have surpassed $190 million, with $130 million spent on congressional and House races.

With the US Presidential Elections in 2024 just two weeks away from now, crypto donations have been once again in the limelight while crossing $190 million. Crypto industry veterans and attorneys like John Deaton are making the final push by convincing voters of healthy crypto environments in the US.

Markets

The crypto prices today have raised investor concerns as BTC backtracked to the $67K level, while altcoins mimicked dip. But, APT is up 11%.

The crypto prices today appear to have faced a setback, as Bitcoin (BTC) price waned to the $67K level over the past day. Ethereum (ETH), Solana (SOL), & XRP prices also mirrored a downside momentum, sparking market concerns. Simultaneously, the global crypto market cap dipped 1.79% over the past day to rest at $2.33 trillion. However, the total market volume witnessed a 29.45% increase in value to $85.17 billion.

As Monday's selling pressure weakens, Ethereum price today has seen a strong comeback as it trades around $2,653. What's next for ETH?

The current price of Ethereum (ETH) today is $2,622.5 as of 1 PM. Ether prices hit a daily high of $2,686.9 today after sliding -2.10% on October 22.

Crypto expert predicts XRP price to soar past $16 and surpass Ethereum, citing key conditions like the Ripple SEC case and others, that could support the rally.

XRP price has been on the investors’ radar, especially amid a flurry of developments surrounding Ripple. Amid this, a renowned figure in the crypto market predicts the crypto will rally to $16, potentially surpassing Ethereum in its run. The expert has revealed several reasons supporting his claims, sparking optimism in the broader crypto market.