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The massive price rally for the primary cryptocurrency continued in the past 24 hours as the asset skyrocketed to nearly $94,000 to chart its latest all-time high.
A few more altcoins have peaked as well, including the recently launched meme coin sensation – $PNUT and $PEPE.
$BTC Maintains $90K
Ever since it became known that Donald Trump will be the next president of the US, bitcoin has been on a mindblowing rally that pushed it from $68,000 on election day to over $90,000 just over a week later.
The latest peak came last night. $BTC was rejected at $90,000 on a couple of occasions earlier this week but managed to break through that level yesterday, and the bulls pushed it all the way up to $93,850.
Another rejection came at that level, and $BTC slipped to $88,000 during the early morning Asian trading session. However, it bounced above $90,000 in the next few hours and currently stands above it following the substantial inflows toward the Bitcoin ETFs in the States.
Nevertheless, there are a few warning signs that the cryptocurrency could retrace soon. For now, though, $BTC’s market cap stands at $1.8 trillion, while its dominance over the alts jumped to over 61% on TradingView and above 57% on CG, both of which are multi-year peaks.
$PEPE, $PNUT on the Rise
The altcoins have also turned green over the past day, with impressive gains from the likes of SOL, ADA, XRP, DOGE, BNB, $SHIB, AVAX, $SHIB, BCH, and LEO. All of those have increased by up to 10%.
More massive price surges come from the meme coin niches. Following support from Coinbase, WIF has risen by 45%. $PEPE was also listed on the US exchange, as well as Robinhood, and has skyrocketed by 75% on a daily scale to a fresh all-time high.
The recent sensation $PNUT has jumped above $2 and tapped a record of its own at almost $2.6 today.
The total crypto market cap reached a new high of its own earlier today and now sits close to $3.150 trillion on CG.
