Bitcoin hits a new record high, reaching $90,000, while leading altcoins like Ethereum, Solana, and XRP show strong gains.
The increase in cryptocurrency prices continues to garner significant attention. Bitcoin’s price has surged to a new record high. Leading altcoins are also demonstrating a robust upward trend. Concurrently, the value of dogwifhat (WIF) has increased, and Peanut the Squirrel (PNUT), a memecoin that was recently listed, has reached its apex.
Present Condition of Bitcoin and Altcoins
The price of Bitcoin (BTC) has risen by 4% in the past 24 hours, surpassing the $90,000 mark. The crypto market experienced a favorable atmosphere as a result of the 0.3% increase in BTC’s market dominance. The price of Ethereum (ETH) was $3,239, representing a 2% increase. XRP and Solana (SOL) also maintained their upward trajectories.
The market is currently on an upward trajectory, according to renowned analyst Peter Brandt, who anticipates that BTC prices will continue to rise.
Top Cryptocurrency Gainers and Losers
Peanut the Squirrel (PNUT) has experienced a 170% increase in value over the past 24 hours, reaching $2.20. Subsequently, dogwifhat experienced a 38% increase, while Pepe Coin experienced a 77% increase. Dogecoin (DOGE) and Shiba Inu (SHIB), two popular coins, also experienced substantial gains.
In contrast, Cronos (CRO) experienced a 15% decline, ultimately settling at $0.1526. Stellar (XLM) experienced a 5% decline in value, while Kaspa (KAS) experienced a 6% decline to $0.1273.
The cryptocurrency market’s aggregate value increased by 3%, reaching $2.98 trillion. Nevertheless, the total market volume decreased by 3.5%, reaching $308.42 billion. In particular, the market is anticipated to exhibit optimism in the final quarter of the year, following Trump’s victory in the U.S. elections.
In summary, the cryptocurrency market is undergoing substantial fluctuations. Investor interest is being stimulated by the record levels of Bitcoin and the appreciation of alternatives. Nevertheless, the decrease in market volume requires traders to exercise caution.