Bitcoin surpasses $81,000 as Ethereum and Dogecoin rally on election week momentum

Bitcoin reached a new high of over $81,000, marking its first time crossing this threshold. Ethereum also saw gains, surpassing $3,200, while Dogecoin surged by more than 34%. This rally follows expectations of a cryptocurrency-friendly administration under President-elect Donald Trump. Bitcoin's market dominance increased to over 60%, and the global cryptocurrency market capitalization rose to $2.76 trillion. Over $683 million in unsettled futures contracts were liquidated, with a significant portion from short positions. Legendary trader Peter Brandt projected Bitcoin could hit $125,000 by New Year. Market sentiment is currently in the "Extreme Greed" zone, indicating strong investor confidence.