Bitcoin Surpasses $81,000 Mark, Dogecoin and Shiba Inu Lead Cryptocurrency Gains
Bitcoin has surpassed $81,000 due to a sustained rally, high trading volumes over the weekend, and bullish futures market activity. Dogecoin and Shiba Inu have seen significant gains, with dog-themed tokens increasing by 30% in the past 24 hours. The market movements are linked to Donald Trump's presidential win and the anticipation of a strategic bitcoin reserve promised during his campaign. Bitcoin has continued its record-setting rally for six days, with all major and midcap tokens experiencing growth. Trading volumes of nearly $100 billion over the weekend are considered bullish in the crypto market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin’s metrics suggest bull market is far from overvalued
Jim Cramer, Known for His Wrong Comments, Shared His Last Opinion on Bitcoin and Cryptocurrencies
Jim Cramer, who is the butt of jokes in the cryptocurrency world with his predictions, has made new comments about Bitcoin. Here is everything he said.
A New Name Has Begun to Stand Out in Donald Trump’s Selection for SEC Chair: Decision Could Come In A Few Days – Here Are His Bitcoin and Cryptocurre
Who will be appointed as SEC Chairman, which is critical for cryptocurrencies? Here are the latest names and their views.
Grayscale Announces New 19 Altcoins Including XRP, Avalanche (AVAX) and Solana (SOL)!
Grayscale has announced that it has relaunched private investments for eligible investors across 19 altcoin trusts, including XRP, Avalanche (AVAX), Filecoin (FIL), and Litecoin (LTC).