Cryptocurrency Market Rallies, Bitcoin Nearing $100,000 Milestone

Bitcoin, the dominant cryptocurrency, is poised to reach the highly anticipated $100,000 mark, driven by a surge in value after the US presidential election. The coin reached a new all-time high of $89,604.50 during the recent trading session and is currently trading around $88,789.81. This impressive 10% gain within 24 hours has pushed Bitcoin's weekly performance up by 30%.

Bitcoin's Ascent to $100,000

Bitcoin is rapidly approaching the $100,000 milestone. Market analysts and traders remain optimistic about its bullish momentum, despite the flurry of recent all-time highs. Popular trader Peter Brandt has predicted that the coin could reach "125k by New Years" based on his analysis of previous market movements.

MicroStrategy and Dogecoin Soar

In addition to Bitcoin, other cryptocurrencies have experienced significant gains. Dogecoin, the popular meme coin, has topped the charts with a 40% price surge in the last 24 hours, currently trading around $0.4.

MicroStrategy, the software analytics company led by Michael Saylor, has also seen its stock price soar over 25% after announcing the purchase of an additional $2 billion worth of Bitcoin.

Increased Trading Activity and Meme Coin Presales

The crypto market rally has also generated increased trading activity, with MicroStrategy's shares becoming one of the top 5 most-traded stocks during yesterday's trading session.

The positive market sentiment has also fueled a surge in presales for new cryptocurrencies. Notably, Pepe Unchained (PEPU) has raised over $2 million in just five days, while Crypto All-Stars (STARS) has amassed $3.4 million through its ICO.