Bitcoin Hits New Records as Altcoin Market Sees Striking Gains

Following the U.S. presidential election results that ended with Trump's victory, the global markets reacted most significantly in the crypto market. Bitcoin surpassed $75,000, setting a new record, while the altcoin market experienced a serious surge. SOL became the 4th largest cryptocurrency.

Among the top 20 cryptocurrencies, the altcoins that saw the highest increases in the last 24 hours were UNI, SUI, DOGE, and SOL. These rises led to changes in rankings. UNI entered the top 20 cryptocurrencies, while SOL climbed to $186 with a nearly 15% daily increase, surpassing BNB. Thus, SOL became the 4th largest cryptocurrency in the market. DOGE continues to rise.

DOGE, the favorite cryptocurrency of Elon Musk, who supported Donald Trump, also gained significantly during this period. Dogecoin almost doubled in value over the past month and continued its upward trend after the election results, rising to $0.2 with an 18% increase in the last 24 hours. The gain of XRP, the cryptocurrency just ahead of DOGE, remained limited to around 5%. This suggests that DOGE, nearing a market capitalization of $30 billion, is close to becoming the 7th largest cryptocurrency.

Although DOGE is currently 70% away from its peak in 2021, its upward momentum in recent weeks has also stimulated the memecoin market. Significant gains among the top 100 cryptocurrencies reveal no assets in the negative at the moment, with GOAT leading the list with a 45% value increase in the last 24 hours. Following it, NEIRO and UNI have risen by around 30%.

The total cryptocurrency market capitalization reached $2.46 trillion with an increase of nearly 10%. Trading volume in the market has doubled since yesterday, continuing with an average of $153 billion. The fear and risk appetite index of the crypto market remains neutral at a level of 54.