Bitcoin hits new all-time high, Dogecoin doubles in a week, crypto market sees astonishing surge

With the cryptocurrency market trading non-stop 24 hours a day for 365 days a year, it has once again experienced astonishing gains. Bitcoin hit a new all-time high of $81,730 this morning, while Ethereum surpassed $3,200. The two wildest dogs, DOGE and SHIB, surged by over 20% in a single day, with DOGE nearly doubling in value over the week.

Bitcoin Hits New High Again, Reaching 81,730 This Morning

Bitcoin has been hitting new highs daily since Trump's election. Michael Saylor, the founder of MicroStrategy, stated in an interview that no one has lost money in Bitcoin over the past four years.

Bitcoin Hits New High Again! MicroStrategy Founder: No One Has Lost Money in Bitcoin Over the Past Four Years

In the 24/7 cryptocurrency market that trades every day of the year, Bitcoin saw a remarkable surge over the weekend, reaching a historical high of 81,730 this morning.

Ethereum Surpasses 3,200, ETH/BTC Up 10% in a Week

While Ethereum's price increase this year has been much lower than Bitcoin's, with Bitcoin hitting new all-time highs recently, Ethereum still needs to rise by over 50% to reach its 2021 all-time high of $4,868! However, recent news of BitMEX founder Arthur Hayes buying ETH, a surge in whale trading volume in Ethereum, and Tether issuing an additional 4 billion USDT on Ethereum have surfaced.

Ethereum also surpassed $3,200 today, indicating a strengthening trend in ETH/BTC, with a 10.9% increase in the past week. With more catalysts in the real-world assets and applications of Ethereum, will it have more help to challenge new highs?

Will Arthur Hayes' purchase of Ethereum and the surge in whale trading volume continue to drive ETH higher?

Cardano Founder Plans to Establish Policy Office, ADA Surges 80% in a Week

Cardano founder Charles Hoskinson announced plans to establish a policy office in Washington, D.C., to build communication bridges with legislators, resulting in a 81% surge in the price of Cardano's ADA token, reaching $0.6044.

ADA Rises by 35%, Cardano Founder Plans to Establish Policy Office to Support Trump's Push for Crypto-Friendliness

DOGE Doubles in a Week, SHIB Surges Over 60%

American business magnate Elon Musk, who publicly supported Trump, previously agreed to lead the newly established Department of Government Efficiency (DOGE), coincidentally sharing its acronym with Dogecoin. Musk, who often uses Dogecoin memes, has also frequently tweeted about Dogecoin, causing significant price surges.

DOGE also rode the wave of the election frenzy, with a 99% increase in a week, reaching a new all-time high and rising to fifth place in the cryptocurrency market cap rankings.

Similarly, SHIB, the Shiba Inu coin, which is also part of the canine-themed coins, surged by 61%, climbing to the eighth spot in the cryptocurrency market cap rankings.