Bitcoin (BTC):
BTC reached an all-time high of $93,480, surging 30% since the U.S. election.
This rally reflects optimism about a potential crypto boom under the Trump administration.
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Ethereum (ETH):
ETH rose 38% to $3,320, driven by positive regulatory sentiment and significant inflows into new spot Ether exchange-traded funds (ETFs).
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Dogecoin (DOGE):
DOGE skyrocketed 145% against Bitcoin over the past month, likely influenced by high-profile endorsements and market speculation
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Key Indicators:
Total Market Cap: Surpassed $3.2 trillion, indicating robust growth.
Bitcoin Dominance:Reached 61.39%, with BTC maintaining its market leadership.
Fear & Greed Index: At 76 (Extreme Greed), sentiment is strongly bullish.
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What's Driving the Market?
Political Optimism: The recent U.S. election has fostered expectations of a crypto-friendly environment.
Altcoin Surge: Ethereum and Dogecoin have shown strong gains, diversifying growth beyond BTC.
High Volatility: Investors are advised to stay cautious and focus on informed, strategic decisions.
βJeromy Tawil, Head of Client Acquisition at Crypto Research Australia (CRA), brings over a decade of experience in financial markets.
