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Bitcoin has reached an unprecedented new high, breaking through the $75,000 barrier as the U.S. election heats up. This record-setting surge comes 236 days after its previous high of $73.3k, witnessed last March following the introduction of multiple spot ETFs in the U.S. Currently, the cryptocurrency’s market cap is nearing a colossal $1.5 trillion, highlighting its growing influence and adoption.
The rally isn’t confined to Bitcoin alone; other major cryptocurrencies have experienced significant gains as well. CoinGecko reports that Solana (SOL) has climbed more than 16%, while Dogecoin (DOGE) has dramatically outpaced the market with a 28% increase. This overall uptrend underscores the robust momentum and widespread confidence sweeping through the crypto markets.
