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Daily Bits
Nov 11, 2024
3 min read
Daily Top Performer — Cardano (ADA)
The S&P 500 rose 4.66% last week in a post-election rally, fueled by Trump's victory and a Fed rate cut. Investors now await inflation data and more earnings reports. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 5.71%, with Bitcoin and Ether rising by 1.29% and 0.62%, respectively in the past 24 hours.
Today's top performer is ADA, which surged 14.9% after Cardano reached a 7-month high amid Hoskinson's plans to influence U.S. crypto policy and introduce a Bitcoin Layer 2 solution.