Ethereum

Donald Trump

Bitcoin

After a few weeks of being unable to challenge the $100,000 line, bitcoin’s price finally shot up above that coveted level, marking a fresh all-time high.
Several altcoins have followed suit, including ETH, which has jumped to above $3,900.
<h2 id="btc-finally-goes-beyond-100k">BTC Finally Goes Beyond $100K</h2>
It has been a wild journey ever since Donald Trump won the US elections precisely a month ago. The primary cryptocurrency stood at around $68,000 at the time but started to surge in value immediately. It flew past its March all-time high and kept climbing in the following weeks to peak at $99,800 on November 22.
After coming just inches away from going into six-digit territory, the bears finally came out to play and propelled a massive leg down that <a href="https://cryptopotato.com/bitcoin-btc-consolidates-at-93k-altcoins-try-to-break-out-market-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">pushed</a> BTC to under $91,000 a few days later. However, the bull run was unfazed and resumed in the following weeks.
Just yesterday, bitcoin <a href="https://cryptopotato.com/new-aths-for-bnb-and-trx-as-btc-returns-to-97k-market-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">jumped</a> from $95,000 to $99,000 and, earlier this morning finally <a href="https://cryptopotato.com/bitcoin-blasts-through-103000-after-trumps-pro-crypto-pick-for-sec/" data-wpel-link="internal" rel="noopener noreferrer nofollow">blasted through</a> the six-digit milestone. Moreover, it kept climbing and tapped a fresh all-time high of $103,500.
Despite trading slightly below $103,000 now, BTC’s market cap has shot up to $2.03 trillion on CG. Its dominance over the alts has risen to 52.7% after losing some traction in the past week or so.
<figure id="attachment_373520" aria-describedby="caption-attachment-373520" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-4.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-373520" src="https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-4.png" alt="Bitcoin/Price/Chart 5.12.2024. Source: TradingView" width="1835" height="819" srcset="https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-4.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-4-300x134.png 300w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-4-1024x457.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-4-768x343.png 768w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-4-1536x686.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/12/BTCUSD-4-50x22.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-373520" class="wp-caption-text">
 Bitcoin/Price/Chart 5.12.2024. Source: TradingView
 </figcaption>
</figure>
<h2 id="eth-on-the-rise">ETH on the Rise</h2>
Ethereum has remained relatively out of focus due to other massive gainers in the past several weeks, such as XRP, DOGE, as well as <a href="https://cryptopotato.com/new-aths-for-bnb-and-trx-as-btc-returns-to-97k-market-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BNB</a>, and <a href="https://cryptopotato.com/tron-trx-enters-banana-zone-exploding-70-to-all-time-high/" data-wpel-link="internal" rel="noopener noreferrer nofollow">TRX</a> as of late. However, the second-largest cryptocurrency is gaining again and has soared past $3,900 after a 5.5% daily surge.
DOGE, SHIB, BCH, DOT, SUI, and CRO are the other notable price gainers from the larger-cap alts. In contrast, BNB, TRX, AVAX, XLM, HBAR, and TON have dropped today, and so has XRP, which is somewhat <a href="https://cryptopotato.com/why-is-ripple-xrp-plunging-when-trump-picked-pro-crypto-sec-chair/" data-wpel-link="internal" rel="noopener noreferrer nofollow">surprising</a> given Trump’s pick for the next SEC chair.
Nevertheless, the total crypto market cap saw a <a href="https://cryptopotato.com/total-crypto-market-cap-tops-3-8-trillion-in-record-high/" data-wpel-link="internal" rel="noopener noreferrer nofollow">record</a> of its own at well above $3.850 trillion on CG.
<figure id="attachment_373524" aria-describedby="caption-attachment-373524" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-05-114238.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-373524" src="https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-05-114238.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1879" height="826" srcset="https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-05-114238.png 1879w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-05-114238-300x132.png 300w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-05-114238-1024x450.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-05-114238-768x338.png 768w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-05-114238-1536x675.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/12/Screenshot-2024-12-05-114238-50x22.png 50w" sizes="(max-width: 1879px) 100vw, 1879px"></a>
 <figcaption id="caption-attachment-373524" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure>
The post <a href="https://cryptopotato.com/bitcoin-skyrockets-past-100k-ethereum-eyes-4k-market-watch/" rel="noopener noreferrer nofollow">Bitcoin Skyrockets Past $100K, Ethereum Eyes $4K: Market Watch</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Bitcoin Skyrockets Past $100K, Ethereum Eyes $4K: Market Watch

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