The cryptocurrency market has experienced a bullish swing with the start of the Asian trading hours. The upswing has resulted in the total market cap rising by 10.68% to the $2.47 Trillion mark.
The cryptocurrency market showed bullish signs on Thursday morning as the Asian trading hours began. The total market cap rose by 10.68%, reaching $2.47 Trillion. This upswing came as Donald Trump led the U.S. elections with 230 seats against Kamala Harris’ 187 seats. The intense political climate seemed to be boosting market enthusiasm, with Polymarket’s betting volume approaching $1.5 billion.
Bitcoin (BTC) price showed a slight increase of 0.83% in the last 24 hours, trading at $74,086.32. However, BTC price did not experience any significant movements despite claiming a new All-Time High on Wednesday morning.
Meanwhile, investors’ interest remained high, as indicated by a 93.84% surge in trading volumes. This surge could be attributed to Trump's pro-crypto stance and anticipation of policy shifts that might benefit digital assets.
If you're curious about Bitcoin’s outlook, our Bitcoin Price Prediction might provide some insights into BTC's trajectory.
Top Altcoin News
Ethereum (ETH) price also saw a rise, trading at $2,575.22 after a 6.26% increase. On the other hand, Solana (SOL) price had a significant 15.51% gain, pushing it to $184.64 and surpassing Binance Coin (BNB) to secure the fourth spot in the market cap ranking. XRP continued its uptrend, gaining 4.98% to reach $0.5325.
If you're interested in knowing more about altcoins, our altcoin news might keep you up to date.
Top Gainers, Losers: Dogecoin Surges 24.94%
Among the top gainers, we saw GOAT leading the pack with a 45.89% rise, followed by Dogecoin (DOGE) with a 24.94% increase, and Uniswap (UNI) climbing 23.73%.
On the flip side, Monero (XMR) and Tron (TRX) faced minor dips, down 1.04% and 0.21%, respectively, amidst the generally positive market.
As political factors continue to influence the market and crypto traders keep a close eye on the upcoming movements, investors can stay informed by subscribing to our updates.
The above is the detailed content of Bitcoin (BTC) Price Claims a New ATH: Is $80k Next?. For more information, please follow other related articles on the PHP Chinese website!
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