Ethereum’s Surge Outpaces Bitcoin
Ethereum (ETH/USD) soared on Wednesday, breaching the $3,600 mark with a 10% daily jump, pulling ahead of Bitcoin in weekly performance. While Bitcoin stumbled with a 3% drop since Monday, Ethereum logged a 7% gain for the week, marking two consecutive weeks of growth.
This month has been bullish for both coins, with Ethereum surging by 46% and Bitcoin up 40% since Election Day on November 5. The rally aligns with President-elect Donald Trump’s pro-crypto stance, which has injected optimism into the digital asset markets. With Congress now featuring numerous blockchain advocates and a crypto-friendly SEC leadership on the horizon, sentiment remains positive.
Adding intrigue, Elon Musk is rumored to lead the DOGE department (Department of Government Efficiency), targeting federal budget reforms. Markets should brace for volatility leading up to Trump’s January 20 inauguration, as optimism around his crypto agenda continues to shape trading activity.
