Bitcoin (BTC) hit a new record high on Monday, trading at $82,189, a 2.42 per cent increase over the previous session.
This Bitcoin rally continues a strong upward trend, gaining 30.05 per cent over the last four weeks and an impressive 121.08 per cent over the past 12 months.
The flagship cryptocurrency’s market capitalisation has now surpassed $1.6 trillion, cementing its position as the 9th largest asset in the world, ahead of Meta (formerly Facebook), which has a market cap of $1.48 trillion. Bitcoin has maintained its upward momentum since Donald Trump’s electoral victory, consistently setting new all-time highs.
Despite a brief correction, Bitcoin remains strong, trading at $80,891 after a weekly surge of 17.6 per cent. The crypto asset’s market dominance has risen to 55.4 per cent, with daily trading volumes doubling to $92 billion, reflecting heightened activity and interest.
Bitcoin’s rally has also boosted the broader cryptocurrency market. The total market capitalisation of all cryptocurrencies increased by 3 per cent in the last 24 hours, surpassing $2.9 trillion—a level not seen since November 2021.
The rising price of Bitcoin has sparked renewed interest from institutional investors, increasing their risk appetite and driving additional capital into the cryptocurrency market. These developments signal robust demand and growing confidence in Bitcoin’s future potential.
