The crypto bull has begun and how! After Bitcoin’s soaring performance pushed through $89,000, other altcoins including Ethereum(ETH) and memecoin Dogecoin(DOGE) followed up. The result of which is — $DOGE has surpassed Ford market value and $ETH has surpassed Procter and Gamble.
The popular memecoin, DOGE broke through $0.36, but is currently trading at $0.3516, a 24-hour increase of 19.17% . With a market cap of $51.56 B which has grown by 18.97% , $DOGE has surpassed Ford Motors market cap of $44.63 billion. DOGE‘s 24 hour market volume had seen a surge of 24.45%, to $20.76 Billion.
Ethereum, on the other hand, broke through $3,384 today. $ETH is currently trading at $3,321 after a surge of 3.87% in the past day. This aligns with the current Ethereum Price Prediction, which suggests that the cryptocurrency’s upward momentum could continue in the coming weeks, driven by renewed investor interest and favorable market conditions. ETH has registered a 24-hour market volume of $58.19 billion after a growth rate of 22.01%.
The market cap has grown by 3.80% and at $399.05 billion of market value, ETH stands taller than American multinational firm Procter and Gamble (P&G) at $391.01 billion. We had earlier reported how Bitcoin surpassed silver market, and after hitting an all-time high of $89,467, and with a market cap of $1,739 Trillion, it is ready to take over petroleum and refineries company, Saudi Aramco which is currently at $1,807 Trillion.
The great crypto bull saga was first sparked by Donald Trump’s victory in the 2024 U.S. election. His win not only boosted cryptocurrencies but also lifted certain U.S. stocks. Specifically for crypto, Trump’s pro-crypto campaign promises—such as his pledge to fire anti-crypto SEC chairman Gary Gensler, establish a Bitcoin national reserve to address U.S. debt, and introduce favorable regulations for U.S. crypto firms—have helped restore traders’ confidence, giving the crypto market a remarkable lift.
Also Read: Bernstein Urges Investors to Embrace Bitcoin and Crypto
Credit: Source link