The global cryptocurrency market has reached an unprecedented $3.2 trillion in value, driven by renewed optimism following Donald Trump's election as U.S. president. Analysts suggest that hopes for more crypto-friendly U.S. regulations, supported by the election of several pro-crypto lawmakers, have spurred significant investor interest across the asset class.
Bitcoin, the market’s dominant player, soared to a record high of $93,480, doubling its value this year and rising 30% since Election Day. Ethereum has also climbed 33% to $3,220, while Dogecoin, a highly volatile token often promoted by billionaire and Trump supporter Elon Musk, saw a sharp 140% increase. This milestone surpasses the previous highs of 2021, marking a strong comeback for the crypto market after months of stagnation.
