The cryptocurrency market is experiencing a historic moment of continuous growth, with Bitcoin prices breaking the $80,000 mark for the first time, reaching a high of $81,400. Meanwhile, Ethereum surpassed $3,200, pushing the total global cryptocurrency market value to $2.9 trillion. This surge has sparked eager anticipation in the market for Bitcoin to reach $100,000, with investor sentiment running high.
Apart from Bitcoin and Ethereum, smaller tokens are showing even more active performance, further intensifying market volatility. Ripple saw an 11% increase in a single day, and decentralized finance tokens related to Cardano soared by 40%; Dogecoin and Shiba Inu gained 17% and 31%, respectively, reflecting investors’ strong interest in crypto assets. Analysts point out that cryptocurrency is entering a "golden age" of development, with the new U.S. administration's supportive policies for the industry expected to further drive this trend.
As U.S. policy becomes increasingly favorable to cryptocurrencies, mainstream coins like Bitcoin and Ethereum are poised to benefit from additional positive developments. Bitcoin is being viewed by the market as a "safe asset," and more supportive policies may emerge, such as establishing national-level Bitcoin reserves and promoting localized Bitcoin mining initiatives. The market broadly anticipates progress on a spot Bitcoin ETF to resolve the current lack of staking rewards in ETFs, benefiting more investors.
Experts predict that the global capital market's demand for crypto assets will increase, and in the next two years, Bitcoin and other digital assets may trade well above current highs. Since the U.S. election day, Bitcoin and Ethereum have risen by 18% and 32%, respectively, and the leading U.S. cryptocurrency trading platform has surged by 48%, marking the best weekly performance since January 2023.
