Bitcoin is on track for a substantial rally, eyeing the $100K mark, driven by the market momentum following Donald Trump's election victory. This event has also seen Dogecoin and MicroStrategy experiencing remarkable gains, termed as 'parabolic' by some analysts.
In parallel, Ethereum, another major cryptocurrency, has witnessed a surge in its ETF inflows, reaching record levels as reported by CoinMarketCap’s Altcoin Season Index. This reflects a heightened investor interest in altcoins and a promising market outlook for the broader cryptocurrency ecosystem.
The market dynamics showcase a renewed enthusiasm among investors, fueled by political developments and market trends, potentially setting the stage for a significant bull run in the cryptocurrency markets.
