The Cryptocurrency Market Is Experiencing a Massive Rally as Bitcoin Sets a New All-Time High of $76,460

Interestingly, the peak comes after pro-crypto presidential candidate Donald Trump won the 2024 US presidential election. Going forward, experts

Bitcoin price soared to a new all-time high on Monday morning after pro-crypto presidential candidate Donald Trump won the 2024 US presidential election.

The world’s largest cryptocurrency reached a new peak of $76,460. BTC price also rallied past key resistance levels at a rapid pace during the early hours of Monday.

Bitcoin price sets a new all-time high after Trump’s win.

Bitcoin price began the new week with a massive rally, reaching a new record high. On Monday, Bitcoin price reached a low of $73,000 before quickly rallying to reach highs of $76,460, as shown by data from CoinMarketCap.

After setting a new all-time high, BTC price experienced a slight correction and dropped to lows of $74,000. At the time of writing, Bitcoin price attempts to recover from the lows and is trading at a price of $74,870, up 6.5% over the past 24 hours.

Bitcoin price performed well during the second half of 2024. After beginning the year at a price of $40,000, BTC price rallied past the $50,000 resistance level in March.

After setting a new yearly high in April, Bitcoin price experienced a downturn and dropped to lows of $64,000. However, the recent rally has helped Bitcoin price reach new highs once again.

Crypto market rally to continue in November. What are the best cryptos to buy now?

The recent rally in Bitcoin price has set the stage for a thrilling November in the cryptocurrency market. As optimism builds among traders and investors, altcoins are expected to follow Bitcoin’s lead and reach new peaks in the coming weeks.

According to experts, Dogecoin (DOGE), Solana (SOL), and DTX Exchange (DTX) are among the cryptocurrencies that could emerge as the top gainers this November. Here's a closer look at their recent performance and what analysts are saying about their potential.

Dogecoin (DOGE) price skyrockets on Trump’s win.

The largest memecoin by market cap, Dogecoin, is firing on all cylinders at the moment. According to data from CoinMarketCap, the Dogecoin crypto has posted gains of 17.5% and 83.5% on the 7days and 30days chart.

The cryptocurrency climbed from a low of $0.1453 to a peak of $0.2112 on the weekly timeframe. With Trump’s latest election win and the potential of Musk getting the position of D.O.G.E, analysts predict the Dogecoin price could surge to new levels in the coming weeks.

Crypto Anthony told his followers the value of the Dogecoin token could pump to $0.500 in the coming days. Another expert, KALEO forecasts the meme coin could rally to $0.40 this week. The Hull Moving Average (9) showing a buy signal is a bullish sign these predictions could happen.

Solana (SOL) could reach a new peak in 14 days.

Another altcoin that has been rallying in recent times is Solana (SOL). According to Bob Loukas, the Solana price may rally past its all-time high of $260.06 in the next 14 days. In addition to Bob Loukas, other cryptocurrency enthusiasts like Osbrah believe that Solana (SOL) might set a new all-time high soon. According to him, the Solana coin could be the first altcoin to hit a new peak.

Presently, SOL is green across all timeframes, including the monthly and yearly timeframes on CoinMarketCap. Over the past month, the Solana crypto has recorded 15 green days. This is a bullish sign and shows bulls have the upper hand. Besides, the Hull Moving Average (9) is flashing a buy signal right now.

DTX Exchange (DTX) could give investors 300% gains in November.

While Solana and Dogecoin are among the established names in the cryptocurrency market, DTX Exchange (DTX) is a newcomer that has been gaining a lot of attention during its presale. Having raised over $6.8 million, the value of the DTX crypto is set to rise by 300% from its current value of $0.08, according to analysts.

DTX’s Phoenix Wallet has turned into one of the main options for security-oriented traders. It is a non-custodial wallet; that is, users can control their funds without going through the KYC procedure. This privacy-first model is attractive to traders who prefer to have control over their funds and have a non-custodial wallet to gain secure access to their funds.

Also, DTX’s hybrid platform provides a set of enhanced trading features