Bitcoin reached a new all-time high of $77,105 following Donald Trump's election victory, marking a significant milestone for the cryptocurrency market. While Bitcoin's gain over the past 24 hours was modest at 0.2%, other cryptocurrencies like Cardano and Polygon experienced a notable surge of 15%. Ethereum's ether also climbed 3%, nearing $3,000, as decentralized finance (DeFi) activities increased in anticipation of favorable regulations under Trump's administration. Despite this week's double-digit gains, funding rates for perpetual swaps are more balanced compared to the market peak in early March, indicating less market froth. Analysts foresee further growth, with predictions suggesting Bitcoin could rise to between $90,000 and $125,000 in the coming months, driven largely by institutional investment rather than retail interest. The current market phase is described as a gradual climb, with retail engagement expected to pick up as the rally progresses.

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