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.
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 (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.
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.
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!
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