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. This positive leg-up has come given Donald Trump leading the U.S. elections with 230 seats against Kamala Harris’ 187 seats. This intense political climate is fueling market enthusiasm, with Polymarket’s betting volume nearing $1.5 billion.Â
Successively, the talk of the space has been Bitcoin claiming a new All-Time High of $75,011.06. The heightened interest, however, has not affected the Fear & Greed Index much, as it continues to stay at a neutral level.
Bitcoin Price Claims a New ATH: Is $80k Next?
Bitcoin (BTC) has seen a strong 8.33% rise in the last 24 hours, reaching $74,086.32, with trading volumes jumping by an impressive 93.84%. This price spike signals renewed investor interest, potentially fueled by Trump’s pro-crypto stance and anticipation of policy shifts that could benefit digital assets.
Curious about Bitcoin’s outlook? Check out our Bitcoin Price Prediction for insights into BTC’s trajectory.Â
Altcoin Today: Solana Flips BNB To Become 4th Biggest Crypto!
Ethereum (ETH) is also on the rise, trading at $2,575.22 after a 6.26% increase, while Solana (SOL) saw a significant 15.51% gain, pushing it to $184.64 and surpassing Binance Coin (BNB) to secure the fourth spot in market cap ranking. XRP continues its uptrend, gaining 4.98% to reach $0.5325.
Explore our Ethereum Price Prediction to see if ETH could hit new highs.
Top Movers & Losers
Among top gainers, GOAT leads 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.
With political factors in play and crypto markets reacting dynamically, investors are keen to watch upcoming movements. Subscribe to us, for all the latest updates!
