ADA price breaks the multimonth downtrend pushing Cardano to four-month highs, thanks to multiple macro tailwinds and favorable technicals.
Cardano
ADA
tickers down
$0.4367
price staged a solid rebound in the last four days, rising by over 33.7% to reach an intraday $0.436 on
Nov. 8 as the market gathered strength following Donald Trump’s win in the United States 2024 Presidential Election.
ADA price is up 17% over the last 24 hours, outperforming the rest of the market, and up 28% over the last seven days.
ADA price rises alongside Bitcoin, Ethereum
The bullish sentiment was not only exclusive to Cardano as crypto prices also rallied across the board,
buoyed by Donald Trump’s victory in the US presidential race.
Bitcoin
BTC
tickers down
$75,930
, the largest cryptocurrency by market capitalization, led the gains and has jumped 9.6%
over the last week to set a new all-time high of $76,943 on Nov. 7, including 12.7% gains since Nov. 5. Ether
ETH
tickers down
$2,928.14
has rallied more than 3% over the last 24 hours to trade above $2,900.
Other top-cap cryptocurrencies, including BNB Chain’s
BNB
tickers down
$597.14
Solana
SOL
tickers down
$203.08
, XRP
XRP
tickers down
$0.5506
, and Dogecoin
DOGE
tickers down
$0.1973
, have also posted significant gains over the last few days.
Similarly, the total crypto market cap has increased by 2% over the last 24 hours and 14% over the last four days to rest at $2.57 trillion at the time of publication.