Bitcoin (BTC) has surpassed the $100,000 mark, reaching an intraday high of $99,496 and currently trading at approximately $97,513. This surge is largely attributed to investor optimism regarding the incoming Trump administration's potential favorable policies towards cryptocurrency.
Ethereum (ETH) is trading around $3,372, showing a slight decrease from its previous close, with an intraday high of $3,558.
BNB (BNB) is priced at approximately $663, experiencing a minor decline, with an intraday high of $693.
XRP (XRP) is trading at about $2.25, showing a modest increase, with an intraday high of $2.38.
Cardano (ADA) is valued at around $0.90, reflecting a notable increase from its previous close, with an intraday high of $0.99.
Google Trends data indicates a significant rise in search interest for Bitcoin, suggesting increased retail curiosity and engagement in the cryptocurrency market.
Additionally, the recent U.S. presidential election has led to a surge in the popularity and value of memecoins, such as Dogecoin and PEPE, driven by speculation that the Trump administration will introduce supportive regulations for cryptocurrencies.
These developments highlight the dynamic nature of the cryptocurrency market, influenced by political events, investor sentiment, and market speculation.