2 weeks Ago By Ripples Nigeria
For the third consecutive day, Bitcoin, the world’s largest cryptocurrency by market capitalisation, has surged to a fresh record high of $89,000. The price of the cryptocurrency traded 9.6 per cent higher on Tuesday morning, reaching $89,360, according to data obtained from coinmarketcap.
com . The digital currency has continued to rally since the conclusion of the United States presidential election. Bitcoin started climbing on November 6, when Donald Trump, a Republican Party candidate, won the US presidential election.
The digital asset reached $75,000 on that day. READ ALSO: Bitcoin sets new record, hits $81,000, surpasses $1.6 trillion market cap Since the US elections, bitcoin has seen a bullish run, with the crypto market adding nearly $500 billion to its total value in less than a week.
The total cryptocurrency market capitalisation currently stands at $3.16 trillion. Ethereum, the second-largest cryptocurrency by market capitalisation, also surged to $3,392 on Wednesday — up from the $3,220 traded on Sunday.
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