The 365-day, 24-hour uninterrupted cryptocurrency market has once again seen an astonishing surge, with Bitcoin reaching a new all-time high of $81,730 this morning, and Ethereum reaching $3,200. The two craziest dogs, DOGE and SHIB, have both risen by more than 20% in a single day, with DOGE up nearly 100% in a week.
Table of Contents
ToggleBitcoin reaches new all-time high of $81,730 this morning
Bitcoin has been setting new highs since Trump's election, and Microstrategy founder Michael Saylor said in an interview that none of Bitcoin's holders over the past four years have lost money.
The 365-day, 24-hour uninterrupted cryptocurrency market has once again seen an astonishing surge over the weekend, with Bitcoin reaching a new all-time high of $81,730 this morning.
Ethereum reaches $3,200, ETH/BTC up 10% in a week
ETH's gains have lagged far behind Bitcoin's this year, and it still needs to rise over 50% to reach its 2021 all-time high of $4,868. However, recent news includes BitMEX founder Arthur Hayes entering the ETH market, a surge in whale transactions on Ethereum, and Tether minting 4 billion USDT on Ethereum.
Ethereum has now reached $3,200, and the ETH/BTC ratio has started to catch up, rising 10.9% in the past week. With Ethereum having more real-world use cases than Bitcoin, could there be more catalysts to help it challenge new highs?
(Arthur Hayes buys Ethereum, can whale transactions continue to drive ETH higher?)
Cardano founder plans to set up policy office, ADA up 81% in a week
Cardano founder Charles Hoskinson announced plans to set up a policy office in Washington D.C. to establish communication with lawmakers, causing the ADA token price to surge 81% in a week to $0.6044.
DOGE doubles in a week, SHIB up over 60%
Elon Musk, the American business tycoon who has publicly supported Trump, previously agreed to lead Trump's newly formed Government Efficiency Department, which conveniently shares the same abbreviation as Dogecoin (DOGE). Musk, who has long used Dogecoin memes, has often triggered major Dogecoin rallies with his tweets.
DOGE has not missed this election-related surge, rising 99% in a week to reach a new all-time high and climbing to the 5th spot in the cryptocurrency market cap rankings.
Fellow canine-themed token SHIB also rose 61%, as if one dog's success has lifted the whole pack, with SHIB also climbing to the 8th spot in the market cap rankings.
