Bitcoin’s price went over $81,000 on Sunday, continuing a strong increase for the past six days. This rise was helped by high trading activity over the weekend and strong bets on future price increases. Other major cryptocurrencies, like Dogecoin and Shiba Inu, also saw big gains, with Dogecoin jumping 30% in just one day. The rise in these coins is partly because of support from people like Elon Musk.
This boost in the crypto market is linked to several factors, including Donald Trump’s recent presidential win. Traders are now hoping Bitcoin will reach $100,000 soon, especially if Trump keeps his promise to create a Bitcoin reserve. Bitcoin exchange-traded funds (ETFs) also saw a large increase, with over $1.3 billion in new investments.
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