The recent U.S. election has injected fresh energy into the cryptocurrency market, pushing Bitcoin and key altcoins to new record highs. Bitcoin broke through the $75,000 barrier on Bitstamp, reaching an all-time high of $75,080 before a slight pullback. As of Tuesday, BTC is still holding strong above $74,000, up more than 6% over the past 24 hours, capturing renewed interest from investors.
Bullish Sentiment Returns to the U.S. Bitcoin Market
According to crypto market analyst Ki Young Ju, sentiment in the U.S. Bitcoin market has shifted from bearish to bullish for the first time in over a month. This reversal follows the launch of spot ETFs, which helped Bitcoin surpass its previous high set in March. With a current market cap approaching $1.5 trillion, Bitcoin’s influence in global finance is more evident than ever.
Solana and Dogecoin Steal the Spotlight
Across the broader crypto market, other digital assets are also seeing significant gains. CoinGecko data shows Solana (SOL) has climbed over 15%, drawing increased investor attention. Meanwhile, Dogecoin (DOGE) has surged by an impressive 27%, emerging as one of the key performers in the current rally.
MicroStrategy Benefits from Bitcoin Boom
This surge isn’t limited to digital assets alone. MicroStrategy, a company known for its large Bitcoin holdings, saw its stock jump over 10% at market open, benefiting from the renewed market optimism. As these trends unfold, it’s clear that mainstream acceptance of crypto assets is growing, drawing investors back into the space.
Turkish NY Radio will continue tracking this rise in digital asset adoption as Bitcoin and other leading cryptocurrencies capture the spotlight.
