The crypto market is in a full bull run, with Bitcoin breaking record highs and excitement spreading through the altcoin sector. The latest news has come from South Korea, where the country’s leading crypto exchange, Upbit, has announced it will be listing a Solana-based token. This listing announcement has driven the altcoin’s price sharply upward.
Upbit Adds New Altcoin, Price Soars!
As reported by The Bit Journal, the positive market sentiment following Donald Trump’s win has energized the crypto markets. Amid this optimistic wave, more exchange listings are rolling in. Upbit, the largest crypto exchange in South Korea, has announced it will list the Solana-based Drift (DRIFT) in its Innovation Zone. The exchange will allow trading in KRW, BTC, and USDT pairs, with trading support starting on November 8, 2024, at 6:00 PM KST.
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Following this news, DRIFT’s price surged from $0.51 to an impressive $0.9517 within hours. As of this writing, DRIFT continues to rally, trading at $0.9506, up by over 96% in daily gains. The token’s trading volume also spiked by an extraordinary 191%, reflecting the intense interest from investors and traders.
Bitcoin Hits a New ATH, Ethereum Rallies!
The momentum in the crypto market continues post-election. The total market capitalization rose to a five-month high of $2.67 trillion. According to CoinGecko, Bitcoin reached an all-time high of $76,872 in late trading on November 7, fueled by the Fed’s recent 0.25% rate cut. This brings Bitcoin’s 30-day gain close to 22%.
Ethereum is also seeing significant movement, reaching an intraday high of $2,950 in early Asian trading on Friday. The asset, which has been dealing with recent FUD, has gained an impressive 15% over the past week. While many altcoins have cooled down following recent rallies, Solana (SOL) and Cardano (ADA) continue to lead with daily gains of 5% and 14%, respectively.
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The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
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