Bitcoin Shatters $88,000 As Top Crypto Asset Enters Vintage Number Go Up Mode

Bitcoin is blasting through thousand-dollar barriers at a relentless rate, now crossing the $88,000 mark at time of publishing.

Just one week ago, BTC was price at $67,568.

Altcoins are flying alongside Bitcoin, with Ethereum hitting $3,349, Solana (SOL) touching $220 and Dogecoin reaching $0.32, with 24 hour gains of 6.7%, 7% and 23%, respectively.

Bitcoin’s massive move has played out alongside equities, with the Dow Jones Industrial Average closing at a record high of 44,293, as markets digest Donald Trump’s emphatic victory.

The President-elect has vowed that his administration will stop selling billions of dollars of Bitcoin that the US has collected from criminal cases, and instead hold onto it strategically in a similar fashion to gold.

Trump has also said he will fire U.S. Securities and Exchange Commission Chair Gary Gensler on day one, and implement policies that solidify crypto self-custody and support the industry at large.

Despite crypto’s explosive and across-the-board rally, analyst Michaël van de Poppe notes the total market cap of all crypto assets combined is lagging.

“The total market capitalization of crypto hasn’t reached an all-time high, yet.

I think we’ll see one in November (next 2 weeks) after we’ve had a minor correction.”

Featured Image: Shutterstock/Dotted Yeti/Chuenmanuse