As of 9:20 AM Kyiv time, the cryptocurrency market is showing a strong upward trend. Bitcoin (BTC) has set a new record, reaching a price of $89,822. The leading cryptocurrency has increased by 10.93% over the past day, with a weekly growth of 30.79%. This marks a new historical high for the primary digital asset.
Mind has learned about this from data provided by CoinMarketCap.
The second-largest cryptocurrency by market capitalization, Ethereum (ETH), is also exhibiting robust growth. The price of "digital silver" has reached $3,382, reflecting a 7.68% increase in the last 24 hours. Over the past week, ETH has appreciated by 39.42%, indicating a strong bullish trend.
Particular attention is drawn to the dynamics of Solana (SOL). This alternative cryptocurrency is trading at $220.15. It has shown a 5.94% increase over the last 24 hours and 36.55% over the week.
BNB, the native token of the Binance exchange, is also demonstrating solid growth. At the current price of $651, the asset has gained 5.79% in a day and 16.64% over the week, confirming the overall positive sentiment in the market.
The absolute leader in growth is Dogecoin (DOGE). The meme cryptocurrency, trading at $0.41, has shown a phenomenal increase of 46.36% in a day and an astonishing 146.21% over the week, making it the most profitable asset among top cryptocurrencies during this period.
The stablecoin Tether (USDT) traditionally maintains its peg to the US dollar at $1.00, showing minimal fluctuations of 0.07% over the week, which confirms its role as a stable asset in the volatile crypto market.
According to bank analysts, a Republican victory could lead to an increase in the overall cryptocurrency market capitalization to $10 trillion by the end of 2026, up from the current level of $3 trillion, with price targets of $100,000 by the end of this year.
Background. Previously, Mind reported that Bitcoin (BTC) was trading at $80,946.96, exhibiting a weekly increase of 17.78%. This is a new historical high for the first cryptocurrency.