The cryptocurrency market is experiencing a positive trend due to the US elections. On Wednesday, Bitcoin (BTC) 
$98,048 surpassed the $75,000 mark. Other cryptocurrencies joined the upward momentum, with significant daily gains for major coins such as Ethereum (ETH) 
$3,406, Solana 
$254 (SOL), and XRP, which saw increases ranging from 6% to 16%. Dogecoin 
$0.432275 (DOGE) also stood out among meme coins, rising above the $0.20 level.
Strong Performance of Bitcoin and Altcoins
Bitcoin reached $74,366 after a 9% increase in the last 24 hours. Throughout the day, BTC’s lowest price was $68,147.62, while its highest was $75,011.06. With a market capitalization of $1.47 trillion, Bitcoin maintains a dominance of 59.60% in the crypto market. Ethereum increased by 7%, trading at $2,579, while Solana rose by 16%, reaching $184.
Dogecoin is leading among meme coins, achieving a daily increase of 27% and reaching $0.2074, attracting significant investor interest. Shiba Inu (SHIB) also saw an 11% rise, climbing to $0.00001928. Other meme coins like PEPE, WIF, and BONK contributed to the market’s vibrancy with gains between 15% and 20%.
Market Volume and Daily Movements
The total market volume of cryptocurrencies saw an 8% increase, reaching $2.45 trillion in the last 24 hours. The trading volume also rose significantly, increasing by 51.42% to $126.04 billion. BTC and ETH attracted attention with hourly increases ranging from 0.5% to 1%, with investor interest particularly focused on these two coins.
The election process in the US has contributed to the rise in cryptocurrency values and strengthened market dynamics. This increase is viewed as a positive indicator for the market. Investors are closely monitoring potential movements in crypto assets following the elections.
