The cryptocurrency market has shown remarkable results following Donald Trump's election victory, with overall market cap up by 4.32% and trading volume increased by 46.76%.
Bitcoin Price Movements
Bitcoin reached a new all-time high of $89,604.50 before correcting back to $87,781.23, marking a 6.86% increase in the last 24 hours. BTC's trading volume surged by 94.75%, reaching $154.76 billion, while its market cap rose to $1.72 trillion. With a market dominance of 59.01%, analysts anticipate further rise to $90,000.
Ethereum, Solana, and XRP: The Current Scenario
Ethereum maintained a positive trend with a 2.78% increase, reaching $3,292.85. While Solana saw a 2.33% decline, trading at $213.35. In contrast, XRP exhibited significant growth, climbing 10.47% to $0.6493, leading gains among top altcoins.
Top Gainers and Losers
Cronos (CRO) gained attention with a 26.26% rise to $0.1844, while Aioz Network (AIOZ) led the charge with a substantial 41.47% climb to $0.7215. Dogecoin (DOGE) also recorded a robust 35.91% increase, trading at $0.3972. Conversely, Raydium (RAY) led the losers with a 17.04% drop to $4.71, followed by Kaspa (KAS) and Helium (HNT) with declines of 9.24% and 7.36%, respectively.
The cryptocurrency market continues to demonstrate dynamic developments amid global events. All eyes are on Bitcoin and its potential to reach the $90,000 mark.
