Crypto Market Breaks Records Amid Trump-Driven Surge

The global cryptocurrency market has soared to over $3 trillion, driven by favorable U.S. regulatory expectations following Donald Trump's presidential election. Bitcoin's value has reached a high, inspiring market confidence, while other cryptocurrencies like Ethereum and Dogecoin also see significant gains.

The global cryptocurrency market has reached a record value of over $3 trillion, following the election of Donald Trump as U.S. President. Market analysts suggest this surge is driven by expectations of more favorable U.S. regulations.

CoinGecko data shows the market peaked at nearly $3.2 trillion on November 14 in Asia, surpassing 2021's highs when pandemic-related stimulus triggered speculative trading.

Bitcoin leads the market, hitting a record $93,480, with its recent jump influenced by Trump's election and the emergence of pro-crypto lawmakers. Since the election, Bitcoin has seen a 30% increase, Ethereum rose by 33%, and Dogecoin surged by 140%, thanks to endorsements from prominent figures like Elon Musk.

(With inputs from agencies.)