Should You Buy Ethereum Below $4,500?
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Crypto has enjoyed an excellent month with the presidential election victory of Donald Trump fueling the market to new highs. Bitcoin (CRYPTO: BTC), the world's largest cryptocurrency, has surpassed $100,000 and the altcoins have also risen. Ethereum (CRYPTO: ETH), the world's second-largest cryptocurrency, is now up close to 60% since election night, more than Bitcoin's 49% gain (as of Dec. 12).On the year, Bitcoin has widely outperformed Ethereum, up 128% compared to Ethereum's 68% gain. With a pro-crypto administration and potentially more rate cuts, the rally may have legs. Should you buy Ethereum while it trades for less than $4,500? Let's take a look.Ethereum is looking at a favorable crypto environment under the incoming Trump administration. Gary Gensler, chairman of the Securities and Exchange Commission (SEC), said he will step down once Trump takes office. Whether Gensler has been a significant roadblock to crypto is probably debatable, but it's clear that most crypto proponents have not been fans. Gensler led the SEC when the agency instituted Staff Accounting Bulletin 121, which discourages many financial institutions from offering crypto custodial services, and the agency sued Ripple and its founders in what appeared to be an attempt to get the SEC more regulatory jurisdiction over cryptocurrencies.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
Quelle: MotleyFool