Crypto market rallies on US election results
The cryptocurrency market is seeing strong bullish sentiment as Donald Trump looks set to become the 47th President of the United States.
According to data provided by CoinGecko, the global crypto market capitalization saw a 5% rise over the past 24 hours, reaching $2.56 trillion. The daily trading volume almost doubled and is currently hovering at $236 billion.
Bitcoin (BTC) rallied to a new all-time high of $75,011 this morning. Ethereum (ETH) also gained 6.3% and is trading at $2,590 at the time of writing. However, ETH is still down by 47% from its ATH of $4,878 in November 2021.
At this point, most of the leading 100 cryptocurrencies are witnessing upward momentum as the Trump victory has been acting as a…
