BlackRock Spot Bitcoin ETF Made Massive Waves in the Crypto Market Soon After Donald Trump Won the 2024 US Presidential Elections

Bloomberg reported that around $1 billion worth of BlackRock's BTC ETF changed hands within minutes of the results. This made the entire market bullish and projects like Cardano (ADA) and IntelMarkets (INTL) also shot up.

BlackRock’s Spot Bitcoin ETF triggered a massive wave in the crypto market soon after Donald Trump won the 2024 US presidential elections.

According to Bloomberg, a staggering $1 billion worth of BlackRock’s BTC ETF changed hands within minutes of the election results. This news sent the entire market into a bullish frenzy.

As a result of the ETF milestone, several cryptocurrencies, including Cardano (ADA) and IntelMarkets (INTL), experienced a surge in value.

Cardano (ADA) Gains From Trump’s Association

Cardano (ADA) has been on a roll in recent days. The cryptocurrency’s market value has increased by an impressive 80% in the past week. At the time of writing, Cardano (ADA) is trading at $0.59, which marks a 7-month high for the cryptocurrency.

In addition to the BlackRock BTC ETF milestone, Cardano (ADA) has also benefited from recent reports linking Charles Hoskinson with Donald Trump. The founder of Cardano (ADA) could play a key role in shaping the Trump administration’s approach toward the crypto industry.

Despite the rumors, experts believe Cardano (ADA) could continue its positive momentum in the coming days.

Binance (BNB) Faces Lawsuit From FTX

While most cryptocurrencies are enjoying a bull run, Binance (BNB) is facing issues that could potentially harm its market standing.

Recently, FTX filed a lawsuit against Binance (BNB) and its ec-CEO Changpeng Zhao, suing them for a staggering $1.8 billion. The lawsuit alleges that Binance (BNB) and Zhao fraudulently transferred the funds to the leading cryptocurrency exchange.

According to the analysis, the lawsuit will escalate the existing tensions between FTX and Binance, potentially hurting BTC.

Soon after the news of the litigation, Binance (BNB) has dropped by more than 2%. At the moment, the BNB price is trading at $620.05.

IntelMarkets (INTL) Presale Growth Goes Ballistic

IntelMarkets (INTL) is a new AI-powered blockchain platform that aims to disrupt the crypto exchange industry. According to a market report, the global cryptocurrency exchange platform market size is set to grow at a CAGR of 30.08% from 2021 to 2030.

IntelMarkets (INTL) enters the market with unique features to capitalize on this growth opportunity.

The platform boasts no-KYC for traders and offers a 1000x leverage on their capital. This enables traders to access a maximum amount of capital to tap a large growth opportunity. AI-based cost averaging and advanced arbitrage further maximize users’ profits.

However, IntelMarkets’ (INTL) most powerful tool is its trading robot, which can analyze over 350,000 data points in real-time. By monitoring 10,000 platforms, these robots suggest top-notch trading strategies that align with your investment goals.

IntelMarkets (INTL) is a dual-functionality exchange that operates on both the Ethereum and Solana blockchains. It provides users with the flexibility to choose their preferred blockchain based on their strategies and specific requirements.

The platform’s leaderboard feature adds an element of excitement to crypto trading. It will highlight the top traders with “exceptional volume and profitability.” The top performers will also get rewards in the form of reduced trading fees and other perks.

INTL will be the native crypto on the platform, offering several benefits. Holding an INTL token will help you avail up to 30% discounts on trading fees on the platform. Moreover, the token holders will also get governance rights.

The presale of IntelMarkets is live, and INTL tokens are selling out fast. The presale round is in its fifth stage, and the token’s value has surged by 400%. Currently, you can lock an IntelMarkets (INTL) token for $0.045, which will surge to $0.054 in the next stage. The project is predicted to soar by over 1500% during the presale.

Discover More About Intel Markets:

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

The above is the detailed content of BlackRock Spot Bitcoin ETF Made Massive Waves in the Crypto Market Soon After Donald Trump Won the 2024 US Presidential Elections. For more information, please follow other related articles on the PHP Chinese website!