Bitcoin (BTC) hit a new all-time high of $103,679 earlier today. This is the first time the original cryptocurrency has traded above the $100,000 level. The climb to $100k may set the stage for an extended bull run this cycle.
Also Read: Bitcoin (BTC) Officially Crosses $100,000, Trades At $103,000
Why Is The Cryptocurrency Market Rallying?
There have been quite a few bullish developments over the last few weeks. Firstly, Donald Trump winning the US Presidential election has led to an increase in investor sentiment. Trumpās pro-crypto stance may lead to lenient regulations over the next four years.
Grayscale recently applied for a spot Solana (SOL) ETF (Exchange Traded Fund). WisdomTree, on the other hand, has applied for a spot XRP ETF. Both developments have led to increased interest in both cryptocurrencies.
Top 3 Cryptocurrencies To Watch Since Bitcoin Has Hit $100,000
1. Solana (SOL)
Source ā StormGain
SOL is among the best-performing crypto assets of the last year. The assetās recovery from its 2022 lows is truly commendable. SOLās price fell to below $10 after the collapse of FTX in November 2022. Since then, the cryptocurrency reclaimed and surpassed its all-time high.
SOL hit a new peak of $263.21 on Nov. 23, 2024. With a new SOL ETF filing in the SEC, we may witness the asset rise to another peak.
Also Read: Amazon Stock To Hit $250 in 2025 Amid AI Push?
2. BNB
Source ā CoinGape
Binanceās BNB is another cryptocurrency that hit a new all-time high recently. BNB hit a peak of $788.84 on Dec. 4, 2024. The asset is currently down by only 8% from its peak.
BNB could continue its surge over the next few days. If BTC maintains its momentum, BNB will likely follow.
3. Pepe (PEPE)
Source ā CryptoRank
PEPE is among the best-performing meme cryptocurrencies this year. The Solana-based memecoin hit an all-time high of $0.00002457 on Nov. 14, 2024. The coin has fallen by about 11% from its peak.
Also Read: Donald Trump Appoints Pro Crypto Paul Atkins as New SEC Chair
There is a high probability that PEPE will continue to rally over the next few days and hit a new all-time high very soon.