Crypto market is on Fire, Bitcoin 87K, the world’s 8th largest asset

The crypto market is on fire today. Let's watch the video and see the latest trends, and market changes in the crypto world.

Bitcoin’s Price Surge and New All-Time High

Bitcoin recently hit a new high of around $89,500, an 8% jump in 24 hours.

The total cryptocurrency market value exceeded $3 trillion.

Bitcoin’s market cap reached $1.754 trillion, making it the 8th largest asset globally, surpassing silver.

U.S. spot Bitcoin ETFs saw a $7.22 billion trading day, the highest since March.

BlackRock’s IBIT led with $4.6 billion in trading, followed by Fidelity’s FBTC.

Coinbase app ranks #50 among all apps and #2 in finance apps on the App Store, showing more people entering the crypto space.

Dogecoin’s market cap reached $62 billion, surpassing companies like Nasdaq, BMW, and Ford.

The crypto market and related stocks (like Coinbase and MicroStrategy) have surged following recent election events.

Barbara Goldstein from R360 suggests the Trump Administration might aim for the U.S. to own 1 million Bitcoin as a strategic reserve asset.

Tether issued 2 billion additional USDT, with its supply growing 34.27% in 2024, indicating rising demand for stablecoins.

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