Bitcoin and Dogecoin Surge to New Heights

The cryptocurrency market has witnessed an exceptional week led by Bitcoin (BTC), which has continued to reach new all-time highs, with the latest peak achieved hours earlier.

Meanwhile, the total crypto market capitalization surpassed $3.1 trillion, marking its own record high. However, the most astonishing price increase came from Dogecoin (DOGE), the leading meme coin by market cap.

Over the past week, CryptoPotato has extensively covered Dogecoin's remarkable rallies, which have been truly impressive:

• On Tuesday, November 3 (US Election Day), DOGE traded at $0.166.
• Following President-elect Trump's decisive victory, DOGE surged to $0.2 within days, partly attributed to Elon Musk's involvement with the administration and the potential establishment of the Department of Government Efficiency (DOGE).
• DOGE continued its upward trajectory, doubling its value since Saturday, reaching a peak of $0.42 earlier today. This is its highest price since the 2021 bull run.
• Dogecoin has now become the 6th-largest digital asset by market cap, surpassing XRP and USDC in recent days.

Despite its impressive rally, Bitcoin has been overshadowed by DOGE's remarkable performance. BTC has gained over $20,000 in just a week, rising from $68,000 on Election Day to almost $89,000 earlier today, setting a new record.

Source: TradingView