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The Trump Effect: Crypto Market Hits $3 Trillion Market Cap; Bitcoin Surges $87K, While Ethereum Stood At $3k

Krishna Mali
By: Krishna Mali

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Following Donald Trump‘s presidential election victory, the cryptocurrency market surged, reaching a whopping $3.02 trillion market cap on Tuesday—up 6.86% from the previous day. Total trading volume also saw a significant boost, climbing to $329 billion.

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Bitcoin led the rally, surging 9.58% to reach $88,904, while Ethereum followed closely with a 7.39% gain, bringing it to $3,340. Other major crypto coins also showed strong performances, with Dogecoin gaining $0.41, Ripple XRP up by $0.62, Binance Coin (BNB) jumping to $653, and Solana reaching $223.

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Meanwhile, stablecoins like Tether (USDT) held steady at $1 with a 7.68% rise in trading volume, while USDC, DAI, and PayPal USD (PYUSD) stayed near their $1 mark.

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Krishna Mali
Krishna Mali
Founder & Group Editor of TechGraph.
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