Bitcoin Surges to $80,000 as Crypto Market Hits $130 Billion Gain: A New Bull Cycle Begins - CareersNG
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Bitcoin Surges to $80,000 as Crypto Market Hits $130 Billion Gain: A New Bull Cycle Begins

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Bitcoin Surges to $80,000 as Crypto Market Hits $130 Billion Gain: A New Bull Cycle Begins

Bitcoin Surges to New All-Time Highs as Crypto Market Cap Skyrockets.

The total crypto market cap has increased by over $130 billion overnight.It feels like a bull cycle once again as bitcoin’s price continues to chart new all-time highs almost daily, with the latest coming hours ago at just shy of $80,000.

The altseason seems to be kicking off as well, with multiple alternative coins registering double-digit price surges over the past day.

Bitcoin’s Explosive Rise

It’s safe to say that the cryptocurrency landscape has become entirely different after Donald Trump’s win in the 2024 US presidential elections. Recall that BTC struggled at $67,000 on Monday but soon skyrocketed to $75,000 after his victory became official and has only doubled down since then.

What’s Next for Bitcoin and the Market?

The US Fed’s rate cut on Thursday sent the asset flying once again, this time to roughly $77,000. Bitcoin calmed on Saturday but went back on the offensive earlier today. This time, it shot up above $79,000 and peaked just shy of $80,000. This came amid a week of massive inflows toward the spot BTC ETFs, as the products attracted roughly $2.3 billion in the last three trading days.

With its current price tag of around $79,500, bitcoin’s market cap has surged past $1.570 trillion. Its dominance over the alts has been reduced lately given their spectacular performance, but it is still above 55% on CG.

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