The cryptocurrency market is experiencing a continued surge, with Bitcoin (BTC) reaching new all-time highs and major altcoins mirroring the bullish trend. The global crypto market cap has jumped 1.86% to $2.65 trillion, with a 19.5% increase in market volume, signaling widespread optimism among investors.
Bitcoin Price Soars to $81K
Bitcoin has hit a new all-time high (ATH) at $81,437, up nearly 5% in the past 24 hours. Its price fluctuated between $77,199.78 and $81,697.54 during the day, marking a historic peak. The market cap for Bitcoin now stands at $1.61 trillion, and its dominance in the market has increased to 59.46%. This price movement aligns with a significant influx of $1.63 billion into Bitcoin ETFs, indicating strong investor confidence.
Ethereum and Other Altcoins Gain
Ethereum (ETH) has also seen positive price movement, rising nearly 3% to trade at $3,198. Its market cap now sits at $385.38 billion, and Ethereum’s growth is fueled by $154.66 million in inflows into ETH ETFs over the past week. Other altcoins like Solana (SOL) and XRP also posted gains, with Solana increasing by 4% to $210.25 and XRP climbing nearly 4% to $0.5953.
Dogecoin Leads Meme Coin Surge
Dogecoin (DOGE) is the day’s standout performer, surging nearly 29% to hit $0.2941, briefly touching $0.3011. This massive price increase follows continued bullish sentiment around the meme coin, particularly after the U.S. elections and a resurgence in market interest. Shiba Inu (SHIB) also saw a notable rise of 19%, trading at $0.00002654. Other meme coins, including PEPE, WIF, and BONK, gained 11%-23% over the past 24 hours.
Top Crypto Gainers
- Cronos (CRO): Up by 26% to $0.1339
- Dogwifhat (WIF): Gained 23% to $3.09
- FLOKI: Increased by 21% to $0.0001816
Top Crypto Losers
- Raydium (RAY): Down 4% to $5.48
- Helium (HNT): Lost 4% to $6.50
- Aave (AAVE): Dropped 3% to $189
Analysts Eyeing More Bullish Momentum
As Bitcoin and other cryptocurrencies continue their upward trajectory, crypto analyst Ali Martinez suggests this could be the beginning of a larger bull run. Martinez’s analysis points to the potential for substantial gains as key market indicators remain strong. With the overall market bullish and Bitcoin’s dominance increasing, the coming days could see even more upward movement across the crypto landscape.
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