The recent bullish trend in the global crypto market has coincided with the U.S. election results, leading to a positive sentiment after Donald Trump, a pro-crypto candidate, emerged victorious. This event has spurred significant activity in the cryptocurrency arena, contributing to price surges.
Bitcoin has reached unprecedented levels, with an all-time high of $81,858. This impressive rally in Bitcoin has had a favorable impact on altcoins, which have also benefited from the broader market momentum.
A notable case is Shiba Inu (SHIB), which has experienced a remarkable 25% increase in its value. This surge has elevated SHIB into the top 10 ranking cryptocurrencies, underlining the potential of meme coins in the current market environment.
