This Week in Crypto: Trump, ETH ETFs, and More
This week in crypto was pretty interesting, with a few big headlines grabbing attention.
Trump and Crypto
Robert Kiyosaki, author of “Rich Dad Poor Dad,” predicts that **Bitcoin (BTC)** and **gold** will rise if Donald Trump wins the 2024 US presidential election. Kiyosaki believes Trump’s policies could lead to economic uncertainty, making both assets more attractive as safe havens.
ETH ETFs Launch
The US Securities and Exchange Commission (SEC) approved two spot **Ethereum (ETH)** exchange-traded funds (ETFs) this week, setting the stage for more institutional investment in the second-largest cryptocurrency. These ETFs are expected to increase accessibility and liquidity for ETH, potentially contributing to price growth.
Other Notable News
* **Bitcoin price remains above $25,000**, showing relative stability despite market volatility.
* **The total cryptocurrency market cap passed $1.1 trillion,** marking a significant milestone.
* **Cardano (ADA)** saw a surge in price following the launch of its Vasil hard fork upgrade.
This week saw some positive developments in the crypto world, with institutional interest and market stability continuing to fuel growth.
