Bitcoin demonstrates strong performance and reaches new all-time highs with clear dominance in the cryptocurrency market. The start of a bull run for crypto is expected.
Bitcoin increased 0.8% in the last few hours and remains above US$74,000. However, in the early morning it reached a new all-time high of US$76,243.98, an excellent rebound from the minimum of US$73,450 at the beginning of the day.
With a market capitalization of $1.49 trillion, Bitcoin represents more than 59% of the total cryptocurrency market, which currently stands at $2.52 trillion. In weekly terms, BTC registers an increase of 4.4%, while in the last 30 days it has risen 21.6%.
So far this year, Bitcoin has seen 79% growth against the dollar, and an impressive 115% in the last 12 months. In total, the crypto market has reached a volume of $296.595 billion, with Bitcoin contributing $137.85 billion of that volume.
As interest in Bitcoin grows, its dominance within the market highlights healthy demand that has the potential to influence broader trends in the crypto sector. With high transaction volumes and growing open interest, investors remain vigilant for potential price fluctuations and changes in liquidity.
These continued movements could reflect growing confidence in Bitcoin, which could transform expectations across the entire crypto ecosystem. Additionally, according to data from sosovalue.XYZ, the 12 Bitcoin exchange-traded funds (ETFs) have seen a liquidated volume of $6.04 billion.
Bitcoin: what the market expects
And as one of the crypto exchanges that operate in the city of Buenos Aires mentions after the strong rise in Bitcoin, the cryptocurrency rose to ninth place in the global market capitalization ranking, above Meta Platforms (Facebook). With a market capitalization of US$1.46 trillion and a price that exceeds US$74,000, they have maintained since GoodBit.
“It should be noted that this is not the first time that Bitcoin has surpassed Meta. In March, the leading cryptocurrency also surpassed the company after reaching a new record above $73,000,” the document recalls.
The report highlights that Trump’s victory clearly fueled enthusiasm in the crypto market and “how the exchange anticipated” Bitcoin is heading to new highseven oblivious to the politics and trends of other markets, so it could be on the verge of a “golden era.”
Source: Ambito
I am Pierce Boyd, a driven and ambitious professional working in the news industry. I have been writing for 24 Hours Worlds for over five years, specializing in sports section coverage. During my tenure at the publication, I have built an impressive portfolio of articles that has earned me a reputation as an experienced journalist and content creator.
