News

🗣 Peter Schiff Says Bitcoin Is ‘Anti-Gold,’ Here’s Why

Analyst Peter Schiff, a well-known financial commentator, has reiterated his critical stance on Bitcoin, claiming that it stands in contrast to gold. Amid recent market optimism following the re-election of Donald Trump as U.S. President, BTC has surged, while gold has seen a decline. Schiff argues that this divergence highlights Bitcoin’s speculative nature, positioning it as an “anti-gold” asset.

⚠️ Polymarket Faces French Ban After Massive Bets On US Election Results

Polymarket, a crypto-based prediction market, is likely to be prohibited by France’s gambling regulator, the ANJ, after a huge amount of bets were placed on the 2024 U.S. presidential election. Since the global audience engaged in prediction platforms, Polymarket experienced a record jump, with $450 million expected to be distributed to users following the victory of Donald Trump.

🚨 Is XRP ETF Launch Imminent Under Trump Administration?

Donald Trump’s victory in the US Presidential Election 2024 has sparked optimism among broader crypto market participants, as evidenced by the soaring prices of the assets. Amid this, speculations are soaring over potential XRP ETF approval in the US under a Republican administration. Besides, a top market expert also hinted at potential developments in the Ripple and XRP markets under Trump’s Presidency.

🚀 Join Our Discord for Real-Time Crypto News and Updates! 🔥

Markets

📊 Crypto Prices Today Nov 7: BTC Tops $76K After Trump’s Win, DOGE Tanks 5%

Crypto prices today have maintained a bullish movement, solidifying investor optimism across the industry. Bitcoin (BTC) price briefly touched the $76K mark, whereas Ethereum (ETH), Solana (SOL), and XRP traded dominantly in the green. However, Dogecoin (DOGE) price witnessed a remarkable drop in value, defying the broader market sentiment post-Donald Trump’s win in the U.S. elections.

🤔 Why Are Bitcoin Users Shifting to Altcoins? As Ethereum Price Surges 11%

The Donald Trump victory on November 6 pushed the Bitcoin price to new all-time highs above $75,000. A few hours later, altcoins also joined the party with the Ethereum price registering 11% gains and moving to $2,850 levels. Investors are questioning whether this could signal the start of the long-anticipated altseason.

🌐 Demand of Bitcoin Strategic Reserve for US Grows, Will Donald Trump Create Global FOMO?

Just as Donald Trump seized a decisive victory for the Republican party yesterday, the crypto community is now looking forward to the United States building a Bitcoin strategic reserve. During his election campaign, Trump actively backed BTC and even floated the idea of holding it as a reserve and writing Bitcoin cheques to reduce the $35 trillion US national debt.