- The latest rush of post-election crypto enthusiasm has pushed bitcoin above $100,000.
- The euphoria has led to even bigger gains among other top coins, pushing crypto's total market value to $3.7 trillion.
- XRP and TRON have seen the biggest gains in the last week, each up almost 60%, while Avalanche has risen over 24%.
It's been a huge week for bitcoin—and other cryptocurrencies—as a rush of enthusiasm adds to the industry's postelection euphoria.
The world's largest currency rocketed past a key threshold of $100,000 on Wednesday night and continued to rise into Thursday, nearing almost $104,000 before settling around $101,000 as of Thursday afternoon. Those gains mark a 2% rise in the last day and a 6% surge in the last week.
Many other major crypto tokens have seen an even bigger boost in the last week.
XRP and TRON have seen the biggest gains in the last seven days, each up almost 60%, while Avalanche has also risen considerably, up over 24%.
Cardano and Shiba Inu have also seen double-digit increases, up 21% and 22%, respectively.
Those outsized gains have boosted the total cryptocurrency market value to $3.7 trillion, well on its way to a whopping $4 trillion as the industry basks in the prospect of easing regulation under president-elect Donald Trump.
Trump, a vocal supporter of the industry while campaigning, has already made several pro-crypto moves, including naming Paul Atkins, a crypto supporter, to lead the Securities and Exchange Commission.
If confirmed, Atkins will replace Gary Gensler. The current SEC chief has been an opponent of unfettered crypto markets in his tenure, pursuing litigation to rein in what he has said are violations of securities laws among some of the biggest players in the space.
These are the top 10 largest cryptocurrencies by market value, according to data from CoinMarketCap.
1. Bitcoin
Market cap: $1.97 trillion
7-day gain: 4.80%
2. Ethereum
Market cap: $463.47 billion
7-day gain: 7.66%
3. XRP
Market cap: $134.5 billion
7-day gain: 59.88%
4. Solana
Market cap: $113.59 billion
7-day gain: 0.82%
5. BNB
Market cap: $104.16 billion
7-day gain: 9.93%
6. Dogecoin
Market cap: $64.26 billion
7-day gain: 9.58%
7. Cardano
Market cap: $42.33 billion
7-day gain: 20.53%
8. TRON
Market cap: $27.96 billion
7-day gain: 59.79%
9. Avalanche
Market cap: $21.55 billion
7-day gain: 24.08%
10. Shiba Inu
Market cap: $18.22 billion
7-day gain: 22.21%