After recently reaching a new all-time high, Bitcoin doesn’t seem to be losing momentum and continues to surge.
The latest achievement is breaking the $77,000 level after surgin by around 0.3% on the daily chart and 10.8% in the past 7 days.
This places
Bitcoin
as the 9th most
valuable asset
in the world with $1.52 market cap – just shy of the 2nd largest commodity, silver.
Bitcoin’s extraordinary uptick started on the day of the elections in the U.S. an quickly spreadout to other cryptocurrencies.
READ MORE:
Bitcoin Outpaces Gold Post-Election as Investors Flock to Crypto
During the past 24 hours $264.47 million were
liquidated
from the crypto market – $136.36 million being long positons and $128.13 million in shorts. Bitcoin accounted for $64.07 million of these positions.
Investors are feeling the bullish hype after Donald Trump
was announced the winner of the 2024 presidential race
and pro-crypto candidates succeded in securing the seats at the Senate.
This is expected to bring crypto-friendly legislation to the U.S., which could propel the prices even further.
