Bitcoin Surges Towards $82K; Dogecoin Surpasses USDC
A strong rally has propelled Bitcoin's price, surpassing the $81,000 mark, while Dogecoin sees significant gains.
Bitcoin has surged beyond the $81,000 mark, driven by a robust rally, substantial trading volumes over the weekend, and a bullish sentiment in the futures market, with traders optimistic about further price increases.
Key Highlights:
- Dogecoin and Shiba Inu have been leading the gains among major cryptocurrencies, with the dog-themed tokens soaring 30% in the last 24 hours.
- The market movements follow Donald Trump's recent presidential victory and expectations of a strategic bitcoin reserve as promised in his campaign.
Bitcoin's upward momentum continues as trading volumes reached nearly $100 billion during a notably active weekend. Futures contracts indicate strong bullish interest, particularly around the $80,000 mark.
Currently, Dogecoin has flipped XRP and stablecoin USDC, claiming its position as the sixth-largest cryptocurrency.