Factors Driving Bitcoin's Price Surge
This increase is supported by several factors:
Increasing Market Capitalization
Bitcoin now has a market capitalization of over USD 1.9 trillion with a daily trading volume of USD 52 billion.
Dominance Amid Weakening Altcoins
Many altcoins such as Ethereum (ETH) are showing less than optimal performance. The current price of ETH is at USD 3,390 (around Rp. 52.9 million), only up 0.19 percent.
Support for Pro-Crypto Policies
News about Trump Media's plan to acquire Bakkt has sparked positive sentiment. This strengthens speculation that pro-crypto policies will receive greater attention under Donald Trump's leadership.