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As the crypto market gains momentum, Ethereum rises by more than 5%
Ethereum rose by more than 5% during trading on Friday, December 6, to exceed the $4,000 level.
The cryptocurrency continues its rise since the beginning of the year, which amounted to about 77%, in parallel with the increasing momentum in the crypto market, especially since the victory of Donald Trump, a supporter of cryptocurrencies, in the US elections.
Bitcoin rose by about 40% during the month of November, supported by Trump's return to the White House. Bitcoin and Ether exchange-traded funds also recorded record monthly net inflows in November, amounting to $6.5 billion and $1.1 billion, respectively.
The victory of Republican Donald Trump in the US presidential elections contributed to strengthening the value of the cryptocurrency, which carries promises to enter a new golden age that will enhance its shine, as Trump has repeatedly expressed his support for crypto assets and promised to make the United States "the world's Bitcoin and cryptocurrency superpower."
