This week has been an amazing week for the cryptocurrency market, with Bitcoin leading the way. In the last 24 hours alone, this asset surged to $90,000 for the first time before this move was halted.
Altcoins also showed impressive growth over the same time period, led by Dogecoin's incredible surge.
This week is seen as the most optimistic week in BTC's recent history continuing today. BTC had previously struggled at $68,000 on Wednesday's US election day but started to surge as Donald Trump looked set to become the next president.
The gains saw the asset surpass all-time highs in March and set new records in a row. In fact, Bitcoin surpassed the $80,000 level over the weekend and is no longer falling below that level. The start of the current business week was also extremely positive, where the cryptocurrency surged to $86,000 on Monday.
It continued to rise in the early Asian trading session and surged to $90,000 earlier today, which is now its all-time high. However, selling momentum stopped this asset from breaking above that level.
Additionally, sellers managed to push the price of BTC down by two thousand, and now it is hovering around $87,000. However, the market value of BTC is still over $1.7 trillion, while the market dominance of altcoins reaches 55.9%.
Dogecoin is arguably the biggest winner in this week's surge. Its price surged more than 150% during this period, with a 50% gain in the past 24 hours alone, and reached $0.44 earlier today for the first time in three years.
Double-digit price increases were also seen in CRO (35%), BONK (25%), BTT (25%), BRETT (20%), RENDER (19%), and others.
Ripple, which was somewhat sluggish last week, also jumped over 12% on the day and is now trading at over $0.65.
The total volume of the crypto market hit a new record at over $3.1 trillion on CG today.
