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Bitcoin’s rally after the U.S. elections continues as the total crypto market cap reaches a new all-time high. 
Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) reached an ATH of $89,604 early on Tuesday with a market value of $1.77 trillion. The leading crypto asset saw a gentle drop as long-term holders started to make movements.&nbsp; 
BTC is trading at $88,400 at the time of writing. Its daily trading volume keeps growing — currently at $133 billion. 
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 <img loading="lazy" decoding="async" width="3840" height="1300" src="https://crypto.news/app/uploads/2024/11/Bitcoin-BTC-09.52.41-12-Nov-2024.png" alt="Bitcoin nears $90k, long-term holders wake up - 28" class="wp-image-14309793">
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 BTC price, dormant circulation and MVRV ratio | Source: <a href="https://app.santiment.net/charts/5EIBtmDA__sCl" target="_blank" rel="nofollow">Santiment</a>
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According to data provided by Santiment, Bitcoin’s two-year dormant circulation increased by 130% over the past day, reaching 13,589 BTC. Addresses holding the digital gold for over three years also skyrocketed 154%, moving 8,235 BTC in 24 hours. 
The recent Bitcoin ATH pushed its MVRV ratio to 178%, according to Santiment data. The indicator shows that the average BTC holder is seeing a 178% profit at this price point. 
The last time the two and three-year dormant Bitcoin circulation surged together was Aug. 29. This, consequently, pulled the asset’s price down from $60,000 to $54,000 within a week as long-term holders took profits, data from the market intelligence platform shows. 
 You might also like: <a rel="" href="https://crypto.news/bhutans-bitcoin-holdings-surpass-1b/"> Bhutan’s Bitcoin holdings surpass $1b </a> 
<h1 class="wp-block-heading" id="triggering-market-wide-push-again">Triggering market-wide push again</h1> 
Bitcoin’s latest rally brought positive sentiment to the broader sector again.&nbsp; 
The global <a href="https://crypto.news/crypto-market-cap-hits-3-trillion-as-btc-smashes-past-85k/" target="_blank">crypto market cap</a> increased by 4.7% in the past 24 hours and is currently sitting at an ATH of $3.11 trillion, according to data from CoinGecko. 
Moreover, the cryptocurrency market witnessed a $765 billion surge over the past week.&nbsp; 
Per a crypto.news report on Monday, crypto-related investment products saw their <a href="https://crypto.news/coinshares-crypto-products-hit-record-ytd-inflows-of-31-3b/" target="_blank">highest year-to-date inflows</a>, worth $31.3 billion. The total amount of assets under management reached $116 billion. 
This shows increased interest from both institutional investors as the market turned green following Donald Trump’s <a href="https://crypto.news/crypto-market-rallies-on-us-election-results/" target="_blank">win</a> in the U.S. presidential election. 
 Read more: <a rel="" href="https://crypto.news/how-is-trumps-world-liberty-financial-crypto-doing/"> How is Trump’s World Liberty Financial crypto doing? </a>

Bitcoin nears $90k, long-term holders wake up

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