Crypto Market Skyrockets to $3.2 Trillion as Bitcoin Hits Record Highs

Crypto Market Reaches New Heights

The cryptocurrency market has reached a record capitalization of $3.2 trillion, according to CoinGecko, as reported by Reuters. This milestone surpasses the previous highs set in 2021 and is attributed to increased investor interest following Donald Trump's election victory, which many see as favorable for crypto regulation. Bitcoin's price briefly exceeded $90,000 before stabilizing, marking another significant achievement for the digital currency.

Bitcoin Surges Past $93K Amid Strong Demand

Forbes highlights that Bitcoin prices have surged past $90,000 due to rising demand from global investors. The world's leading cryptocurrency hit approximately $93,500 on November 13th. Analysts attribute this growth to increasing holdings by large-scale investors known as "whales" and renewed retail interest driving the current bull run phase.

Meme Coins Make Waves with Significant Gains

CoinGape reports notable movements in meme coins such as Peanut The Squirrel (PNUT) and Dogwifhat (WIF), both experiencing substantial rallies alongside Bitcoin’s rise above its all-time high of over $93K. PNUT emerged as one of the top gainers with an impressive increase of 130% within a day.

Ethereum ETFs See Positive Inflows Post-Election

A report from Crypto Times reveals that Ethereum-based exchange-traded funds (ETFs) are witnessing strong inflows after Trump’s electoral win sparked optimism about regulatory changes favoring cryptocurrencies like Ethereum. Fidelity's FETH fund alone saw more than $100 million in recent inflows.

Block Inc.'s Position Among Top Cryptocurrency Stocks Analyzed

An article on Yahoo Finance discusses Block Inc.’s standing among other major cryptocurrency stocks post-Trump election results, boosting Bitcoin prices beyond historical levels in the $80k-$90k range recently seen across markets globally, while highlighting potential deregulation under new administration policies. The long-term outlook remains bullish despite short-term fluctuations observed periodically throughout trading sessions worldwide.

Pepper Coin Listed on Coinbase Boosts Its Visibility

The listing of Pepper Coin on Coinbase marks a pivotal moment for this popular memecoin, notes Crypto Times. Following its addition to one of the largest exchanges globally—albeit restricted regionally—the coin experienced a sharp price increase exceeding 49%, indicating heightened investor confidence amid broader market volatility trends currently underway industry-wide.

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Article Summary

The cryptocurrency market has reached a record $3.2 trillion capitalization, driven by Bitcoin's surge past $93K and increased investor interest post-Trump election victory, while meme coins like PNUT also saw significant gains. Ethereum ETFs experienced positive inflows amid regulatory optimism, and the listing of Pepper Coin on Coinbase boosted its visibility with a sharp price increase.