The global cryptocurrency market recently surged past the $3 trillion mark, driven by optimism surrounding Donald Trump’s re-election and his perceived pro-crypto stance. Bitcoin hit an all-time high, nearing $92,000, which significantly boosted the market’s overall valuation. This rally was fueled by expectations that a Trump administration could lead to more crypto-friendly regulations in the U.S.
which could include initiatives like reducing regulatory hurdles and recognizing Bitcoin as a strategic asset similar to gold. This bullish sentiment has extended beyond Bitcoin, with other major cryptocurrencies like Solana and XRP also seeing significant gain.