Bitcoin (BTC) reaching unprecedented levels. Following the U.S. presidential election, Bitcoin's value surged over 32%, surpassing $91,000, as investors anticipated favorable policies under President-elect Donald Trump.

This upward trajectory is mirrored in Google Trends data, which indicates a 49% increase in global interest in Bitcoin towards the end of October. Countries such as El Salvador and Nigeria are at the forefront of this growing curiosity.

Other major cryptocurrencies have also experienced significant movements. Ethereum (ETH) is currently trading at approximately $3,298.71, reflecting a 2.88% decrease over the past 24 hours. BNB stands at $655.04, down 1.85%, while XRP is valued at $2.22, a decline of 1.33%. Cardano (ADA) is priced at $0.886117, marking a 3.88% drop in the same period.

The surge in Bitcoin's value has led to increased trading volumes on major exchanges like Binance and Coinbase, with the latter experiencing volumes three times the annual average. Additionally, U.S.-listed Bitcoin ETFs recorded their highest daily net inflows on November 7.

Analysts advise caution, noting the potential for market corrections due to profit-taking and inherent volatility. The total cryptocurrency market capitalization has exceeded $3 trillion, with Ethereum and decentralized finance tokens also seeing substantial gains. The future regulatory environment remains uncertain, with attention focused on forthcoming policy decisions.

In summary, the cryptocurrency market is experiencing significant growth, driven by political developments and increasing retail interest. Investors should remain vigilant, given the market's volatility and the evolving regulatory landscape.

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