Bitcoin, the leading cryptocurrency, has reached a new all-time high of $81,000, with its market capitalisation exceeding $1.6 trillion.
Gatekeepers News reports that over the past week, Bitcoin has experienced a remarkable surge of 17.6%, currently trading at $80,891.
This upward trend has been ongoing since Donald Trump’s recent victory in the polls, allowing Bitcoin to surpass its previous all-time highs. Cryptocurrency continues to set new records daily.
As a result, Bitcoin’s market capitalisation has now eclipsed that of Meta, led by Mark Zuckerberg, which is valued at $1.48 trillion, placing Bitcoin as the 9th largest asset globally.
In addition to its price surge, Bitcoin’s daily trading volume has doubled, reaching $92 billion, which contributes to its market dominance over altcoins, now at 55.4%. The bullish sentiment surrounding Bitcoin has also heightened the risk appetite among institutional investors, leading to increased investments in the cryptocurrency market.
Overall, the total market capitalisation of the entire cryptocurrency market has risen by 3% in the past 24 hours, now exceeding the $2.9 trillion mark—a level not seen since November 2021.
According to data from Coingecko, total crypto trading volume has surged by 80%, currently falling within the $306 billion range. These figures indicate a growing interest and demand from both individual market participants and institutional investors.
