Leading cryptocurrencies catapulted Monday as the rally sparked by Donald Trump’s victory entered top gear.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:15 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +10.40% | $89,128.08 |
| Ethereum (CRYPTO: ETH) |
+3.44% | $3,307.99 |
| Dogecoin (CRYPTO: DOGE) | +22.73% | $0.355 |
What Happened: Bitcoin sailed past $89,500 as the leading cryptocurrency’s record-breaking trajectory showed no signs of exhaustion.
The market heavyweight rose more than 31% over the last week, bringing its November gains to 24.82%, the best since 2020.
Ethereum, the second-largest cryptocurrency, also maintained its bullish momentum, spiking to levels last seen on July 25.
More than $669 million locked in futures contracts were wiped out of the market in the last 24 hours, with leveraged shorts bleeding $369 million.
A further $1 billion in short positions would be liquidated if Bitcoin hits $91,000.
Bitcoin’s Open Interest rose 6.44% in the last 24 hours to $52.32 billion, indicating an influx of fresh money into the derivatives market.
Market sentiment remained in the “Extreme Greed” zone, according to the Cryptocurrency Fear and …
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