Hold onto your hats, crypto enthusiasts, because today the altcoin scene is buzzing with excitement! We’re seeing some jaw-dropping double-digit price jumps across the board.
In a surprising twist, the market got a jolt as whispers of Donald Trump's potential return to the White House sent almost every crypto asset soaring. Bitcoin, the king of crypto, danced its way to a brand-new all-time high. Meanwhile, Solana muscled its way past Binance Coin to snag the title of fourth-largest cryptocurrency.
Bitcoin came tantalizingly close to breaking its March high of $73,737 just last week, only to stumble and fall below $67,000 yesterday. But oh, how the tables have turned! With the US presidential election results trickling in and Donald Trump—who's all about that crypto life—making a strong showing, Bitcoin surged from $69,000 to a dazzling new high of $75,358. This left over-leveraged short traders reeling, as liquidations soared over a whopping $500 million. Even after a slight pullback to around $74,000, Bitcoin is still flexing its muscles among the top 10 biggest financial assets by market cap.
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Bitcoin’s market cap has now ballooned past $1.460 trillion, and it’s holding its ground with a 57% dominance over altcoins. Speaking of altcoins, they've been eerily calm for a few days, but today they're back to their usual wild antics.
Solana is stealing the spotlight with its impressive jump to $185, outshining BNB. And let’s not forget Dogecoin, which is leading the pack in daily gains, perhaps thanks to Elon Musk's rumored bromance with Trump. DOGE skyrocketed to $0.2, and other winners like SUI, FET, APT, KAS, AAVE, and a bunch of meme coins are also enjoying their time in the sun.
All in all, the total market cap of all crypto assets has swelled by more than $200 billion since yesterday, reaching a staggering $2.570 trillion. Buckle up, because the crypto rollercoaster is in full swing!
